It should be easier for you to get a mortgage if President Donald Trump signs legislation that will lift lending restrictions on community banks.
Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules. The reforms would ease some of the mortgage laws from the Dodd-Frank Act of 2010, a massive financial law enacted in response to the financial crisis.
The next step is for Trump to sign the bipartisan bill, which could happen as early as this week. Trump on Wednesday morning tweeted about the bill: “Big legislation will be signed by me shortly. After many years, RIGHT TO TRY and big changes to DODD FRANK.”