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The Great And Powerful New Ability-To-Repay Rule

Daily newsbrief journal for January 2013, also see http://www.usdemocrats.com/brief for a global compendium library and follow twitter @usdemocrats


The Great And Powerful New Ability-To-Repay Rule

Postby admin » Fri Jan 25, 2013 8:46 pm

The Great And Powerful New Ability-To-Repay Rule
from Forbes.com: News by Mark Greene, Contributor
The brand new Consumer Financial Protection Bureau (CFPB) has arrived and is ready to save the citizens from getting a mortgage they can’t afford to pay back. The Ability-to-Repay Rule was enacted to inject common sense into mortgage lending and borrowing practices, because lenders and consumers had clearly demonstrated that they could not do so on their own. This would be a correct analysis given the depth of the mortgage mania that resulted in the mortgage meltdown that began in 2007.
http://www.forbes.com/sites/moneybuilde ... epay-rule/
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