Most Mortgages Would Have to Meet Dodd-Frank’s Ability-to-Repay Standard Under Fed Proposed Rule
April 21, 2011
The Federal Reserve Board this week got the ball rolling on another key mortgage regulatory initiative, expanding ability-to-pay consumer protection to most home loans – but left uncertain the key issue of how much legal comfort lenders can take in originating “qualified mortgages.” The proposed rule would amend...