Consumer bureau announces rules for mortgage lending

The Consumer Financial Protection Bureau today outlined rules requiring banks to ensure that borrowers have income sufficient to repay their mortgage loans and restricting balloon payments and upfront fees and points. The so-called "qualified mortgage" rules are meant to prevent the lending practices that contributed to the financial crisis. They provide legal protection for lenders that follow the new lending standards and leave those that do not open to lawsuits.

View Full Article in:

New York Times (tiered subscription model), The · Bloomberg · Washington Post, The

Published in Briefs:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Quality Engineer
Kaman Composites Vermont
Bennington, VT
Systems Controls Engineering - Multiple positions
United Technologies
East Hartford, CT
Online Production Manager & Web Developer
GLAAD
New York, NY
CNC PROGRAMMER (CATIA)
ASHLEY MACHINE AND TOOL
WEST WYOMING, PA
Senior Manufacturing Engineer
ASHLEY MACHINE AND TOOL
WEST WYOMING, PA