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January 7, 2014

CFPB Goes Myth-Buster on Pending Mortgage Rules

By Thomas Ressler

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.”

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The year is almost 75% done. How is mortgage origination volume at your shop?

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