New Fed Rules May Hamper Mortgage Lending

Check out the story from Money News. 

New liquidity rules for banks will put a drag on mortgage lending, one of the most important sectors of the economy, a finance expert predicts in an article for American Banker.
The Federal Reserve's proposed Liquidity Coverage Ratio rule attempts to ensure that large banks have enough liquid assets to survive a severe liquidity crunch, says Clifford Rossi, a professor at the Robert H. Smith School of Business at the University of Maryland. Their high-quality liquid assets (HQLAs) would have to be at least 100 percent of net cash outflows during a 30-day stress period.

The idea is well intentioned, he says. The last financial crisis clearly showed that stronger liquidity provisions are needed. The problem is in the details, specifically defining HQLAs.

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