Urban Fold

Banking Regulation, Not Real Estate Reregulation, Saved Texas

Texas' strict banking regulation may be partially responsible for its economic health.

Many planning commentators have suggested that Texas' relatively lax land-use planning system has protected the state from the foreclosure epidemic.

But another cause may be Texas' strict banking regulation: Texas restricts home equity loans to a greater extent than most states. In Texas, "the total amount of debt on a home cannot exceed 80 percent of its appraised value, and any proceeds cannot be used to pay off other debts."

Thanks to Michael Lewyn

Full Story: The Lone Star Secret

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