CFPB Gives Industry Five Weeks to Comment on ‘Ability to Repay’

The Consumer Financial Protection Bureau served official notice that it is seeking comment on a range of issues and whether debt-to-income ratios should be used to determine a borrower’s “ability to repay” a residential loan.

Article source: http://www.nationalmortgagenews.com/dailybriefing/cfpb-ability-to-repay-1030701-1.html

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