Monday, October 20th, Melvin Watt (chief of the Federal Hosing Finance Agency) announced a program offering more reassurances to mortgage banks that fear unpredictable losses on the loans they sell to … [Read more...]
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) … [Read more...]
