Some Affordability Finally Coming to Mortgage Lending but Is Fraud Protection Enough?

Foreclosure

New Orleans    The new Consumer Financial Protection Bureau (CFPB) released its outline of new mortgage lending rules that will take effect in 2014.  The new rules are interesting, though in some ways not reassuring. After years of arguing with big banks and subprime houses that “affordability” had to be the key test regardless of all …

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