"Here's what should be the least surprising lending advice you've ever heard: If you are going to lend money, you should probably care about getting paid back,"
By Regarded Solutions: I have been going over the new rulings of the CFPB pertaining to the mortgage lending requirements as outlined for lending institutions and banks, such as Bank of America (BAC). As we all know, the mortgage ra... Read Post
Rule Requires Lenders Ensure Borrowers Have the Ability to Repay Their Mortgage WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) adopted a new rule that will protect consumers from irresponsible mortgage lend... Read Post
The Consumer Financial Protection Bureau just rolled out eight new rules aimed at preventing lenders from falling back to their old tricks once the dust settles around the housing crisis. The rules aren't final yet – the agency pitc... Read Post