New Lending Rules Could Prevent Many from Getting a Mortgage

New lending rules have been written by the Consumer Financial Protection Bureau CFPB, and they could mean that many people will be unable to get a mortgage. According to the article by AOL Real Estate, the new rules will limit people from taking out a new loan or from refinancing an existing one if it puts their overall household borrowing in excess of 43% of their income.

via New Lending Rules Could Prevent Many from Getting a Mortgage.

Eased Mortgage-Risk Rule to Be Proposed by U.S. Agencies (bloomberg.com)
Don’t blame the CFPB for tight credit (washingtonpost.com)

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New Lending Rules Could Prevent Many from Getting a Mortgage

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