HOME OWNERSHIP

Proposed rules for ‘Qualified Residential Mortgages’ would require a 20% down payment, limit borrower's debt payments to about one-third of income

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Published: July 3,2011

Tags: banking, Congress, finance, homes

If proposed legislation being considered by Congress becomes law, the dream of home ownership will be a dream deferred for some and one increasingly illusive for others. Prospective homebuyers, lenders, Realtors and home builders are battling butterflies in their stomachs the size of 777 aircrafts over the proposed rules for “Qualified Residential Mortgages,” which would […]

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