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Ability-to-Repay Rule for Mortgages Nears CFPB Approval

"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,"
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U.K. Mortgage Approvals Stay Near Eight-Month Low as Banks Squeeze Lending

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter (2 years ago)

"U.K. mortgage approvals stayed close to an eight-month low in November as banks kept up their squeeze on lending, constraining the property market." Read Post

Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending

Business & Finance / Real Estate : Appraisal Scoop (4 months ago)

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

8 Pipe Dreams The CFPB Hopes Will Change Mortgage Lending For Good

Business & Finance : Business Insider: Clusterstock (last year)

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


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