Home-mortgage ability-to-repay rules are unveiled

01/10/2013 | New York Times (tiered subscription model), The

Rules that govern the ability-to-repay mandate in the Dodd-Frank Act have been unveiled by the Consumer Financial Protection Bureau. The rules spell out how lenders must ensure that borrowers can afford their home loans. They will go into effect next January. Read the CAI statement issued following release of the Qualified Mortgage Guidelines.

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