US consumer watchdog asks how to make mortgages easier to get

The US consumer financial protection agency is asking for ideas on how to make mortgages easier to get. It wants to reduce rules that make it harder for people to borrow money for homes.

The agency that protects consumers from predatory lending is now looking for ways to reduce burdens on lenders. This could mean a shift in how the agency balances consumer protection with access to credit. If rules are loosened, more people might qualify for mortgages, but it could also increase risks for borrowers.