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Opinion: How regulators can reduce costs and increase equity

Recently, new technologies have reduced costs associated with purchasing a home and provided more opportunities for first-time homebuyers to enter the market.

To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies. The formation of a monopoly in the mortgage industry would slow the introduction of new solutions that would improve access to credit and customer experience. This is where regulatory discipline is needed.

By their very nature, monopolies stifle competition and curtail innovation. They frequently wield a details ⇒

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