Fed’s Bowman: Regs limit community bank mortgage lending

Federal Reserve Gov. Michelle “Miki” Bowman said the declining presence of community banks in the consumer real estate mortgage market is a key challenge facing the housing sector. Speaking in Kansas City, Bowman said many community banks have scaled back lending or exited the mortgage market due to rising regulatory burdens. Bowman last year was confirmed for a full term in the Fed's ICBA-advocated community banking seat.