Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Investments / The Ticker

Mortgage REIT investors may benefit from CFPB final rule

/ Print / Reprints /
| Share More
/ Text Size+

On January 10th 2014 the Consumer Financial Protection Bureau will implement a final rule detailing the laws requiring mortgage lenders to consider consumers' ability to repay home loans before extending them credit.

Some of the highlights of the rule are as follows: (1) The borrower's debt-to-income ratio cannot be more than 43% to qualify for an FHA loan, and (2) Interest-only and balloon payment feature are not allowed for qualified loans.

By breaking these elements down and asking ourselves some key questions we can get a better sense of how several of the agency Mortgage REITs could potentially benefit.

Source: Seeking Alpha
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus