Will Homebuying be more costly in the near future?

In reading through the online papers today, I came across a very interesting article published by Rick Newman of US News and World Report.  I have attached the link the article for you to read as this is a fantastic article about what we can expect to see in the housing market in the near future.

A couple things that I took from this article.  First, Barney Frank and Chris Dodd are involved.  These are the two representatives that have single handily changed that way banks, mortgage companies and mortgage lenders compensate originators.  This new compensation regulation has not been received favorably from those of us in the industry.  So, with this type of governmental insight is involved, take it from me, it will not be consumer friendly. 

The other item that I see is the "federally mandated down payment".  While I am a proponent of everyone having skin in the game, a 20% to 30% mandatory down payment requirement will kill any real estate transactions from happening.  Currently, less than 1% of mortgages that originate have a 20% down payment.  Folks, this means 99% of home buyers, both first time and resale buyers have to use a lesser down payment.  With unemployment in the 9%'s, and housing values off by 10% to 20%, retirement portfolios still off by 20%, where will buyers come up with a 20% to 30% down payment?

Read the article for yourself.  Here is the link.  There is allot of good information contained within the report.

http://finance.yahoo.com/real-estate/article/112093/how-buying-a-home-is-likely-to-change?mod=realestate-buy