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Volume 29 - Number 18

September 3, 2018

Bill to Expand Mortgage Access for ‘Gig’ Workers Introduced in Senate

Sens. Mark Warner, D-VA, and Mike Rounds, R-SD, in late August introduced bipartisan legislation amending the CFPBís ability-to-repay rule to expand financing options for self-employed mortgage borrowers. The CFPBís qualified-mortgage rules have relatively strict requirements which make it difficult for borrowers who donít have traditional income sources to obtain mortgage credit. But the Self-Employed Mortgage Access Act of 2018 would expand ...

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