January 7, 2014
CFPB Goes Myth-Buster on Pending Mortgage Rules
In fact, the ATR rule does not require lenders to offer any specific type of mortgage, the guide says. Lenders can offer any mortgage they believe a consumer has the ability to repay, as long as they have documentation to back up their assessment.
Read the full article when you register for your FREE IMFnews account.
IMFnews articles are available only to registered users. Sign up to get free access to all IMFnews articles and the daily email alert.
If you have an existing account with Inside Mortgage Finance, please login below.