I had a loan officer (working at Home Depot) tell me that I had better be glad that I got approved for my mortgage in 2010 (we're building), because at the beginning of the year loan approvals are going to be few and far between, due to new regulations that will take place in '11.

I asked her what was changing, and I got a very vague answer. She basically gave me no concrete information, even though I asked her a couple of times.

Either I'm not looking in the right places, or this lady didn't really know what she was talking about. It was almost like she was repeating what she had heard, but she didn't know what they either.

Perhaps this is what she was referring to?

http://www.nrmlaonline.org/rms/regulations/hud.aspx?article_id=820

..Hope this helps!

I'm thinking it's this: http://www.nytimes.com/2010/11/21/realestate/21mort.html?_r=3&emc=eta1