Texans Approve Ballot Measure to Loosen Lending Regulations - State and Federal Communications

November 8, 2017  •  

Texans Approve Ballot Measure to Loosen Lending Regulations

On Tuesday, Texans voted to loosen some home lending regulations in place since the foreclosure crisis.

By a two-thirds margin, the ballot measure expanding who can make a home equity loan and allowing homeowners to convert home equity loans into conventional mortgage loans was approved.

The measure was widely opposed by fair housing advocates and supported by lenders and the real estate industry. This is the second time in the last five years Texans have voted in favor of more relaxed lending laws.

Meanwhile, in Dallas, voters overwhelmingly approved a $1.05 billion bond package focused on repairing the city’s infrastructure and recreational amenities.

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