Archive for the tag "mortgage standards"
New Mortgage Standards Set To Kick In Early Next Year
New mortgage standards currently being hammered out by the Consumer Financial Protection Bureau will attempt to reduce the risk of mortgages being given to consumers who do not have the ability to pay them back. The foreclosure crisis we have been experiencing for the last few years is blamed partly on mortgages approved for borrowers [...]
Posted: 20 September, 2011 in Mortgages.
Tags: borrowers, consumer financial protection bureau, foreclosures, mortgage standards, rules
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