Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S
Lending / The Ticker

NY Times: New standards for safe loans

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

New federal regulations require mortgage lenders to do what should go without saying: verify that prospective borrowers can pay.

Yet during the housing bubble, many lenders all but abandoned traditional underwriting standards, and the resulting wave of foreclosures has taken years to recede. An “ability-to-repay” rule, adopted last month by the Consumer Financial Protection Bureau and effective January 2014, is intended to protect borrowers from again falling victim to risky lending.


Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus