Ivan Harris

CFPB Issues Final Ability-to-Repay and Qualified Mortgage Rule

Rule lists criteria that lenders must consider in determining a prospective borrower has the ability to repay a loan and defines Dodd-Frank's concept of a "qualified mortgage." On January 10, the Consumer Financial...more

1/17/2013 - Ability-to-Repay Borrowers CFPB Dodd-Frank Lenders Loans Mortgages Qualified Mortgage Rule TILA