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?
The Consumer Financial Protection Bureau (CFPB) recently published new mortgage rules, which lenders have recently implemented. The rules have two essential components: The Ability to Repay Rule (ATR) … [Read more...]
