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Ability to Repay Latest News
On January 10, 2013, the Consumer Financial Protection Bureau enacted some new rules for mortgage lenders and borrowers. Starting in 2014, borrowers must fully document their income, as well as their ability to repay the mortgage debt.
By Lenders Compliance Group
Topic: Ability-to-Repay: Regulating or Underwriting? Date: Thursday, June 23, 2011. Speaking engagement to coincide with the publication of forthcoming article in the National Mortgage Professional Magazine on the FRB's new Ability-to-Repay rule.