On January 10, 2014 new mortgage rules from the Consumer Financial Protection Bureau (CFPB) were implemented by lenders.
There are two basic components of the rules, both of which can affect you and your ability to get a mortgage.
Learn about these new mortgage rules, and how they can affect you as a borrower, in our blog: New Mortgage Rules: How will they affect you?
On January 10, 2014 new mortgage rules from the Consumer Financial Protection Bureau (CFPB) were implemented by lenders. There are two basic components of the rules: The Ability to Repay Rule (ATR) and the Qualified Mortgage (QM). The CFPB has characterized these new rules as a “back to basics” approach to lending intended to reduce the risk of foreclosures.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
