Posted by: RAPV | January 9, 2014

Qualifying Mortgage: ‘The Ability-to-Repay-Rule’ effective Jan. 10, 2014

New mortgage lending rules to protect consumers from risky loan products take effect Friday, Jan. 10, 2014.  What does this mean for the market?  Take a look at comments by NAR Pres-Elect Chris Polychron and Consumer Financial Protection Bureau Director Richard Cordray at an event held this week.

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