Wells Fargo Home Mortgage President Mike Heid spoke out in favor of the federal government’s new qualified mortgage rule Thursday at a gathering of Des Moines area business leaders.
Heid said the changes address the challenge of protecting U.S. home buyers without reducing their access to home loans. They require a greater focus by lenders on the ability of mortgage applicants to repay a home loan.
via Wells Fargo: Nothing to fear from new qualified mortgage rule | Des Moines Register Staff Blogs.
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