“U.S. Realtors and mortgage bankers say they hope President Barack Obama’s call for streamlined mortgage rules in his State of the Union speech will help them persuade regulators not to set a strict minimum down payment for home loans. At issue is the so-called qualified residential mortgage rule, which six banking regulators including the Federal Deposit Insurance Corp. and the Federal Reserve are aiming to complete this year. The regulators drew protests in 2011 when they released a preliminary draft requiring lenders to keep a stake in mortgages with down payments of less than 20 percent and those issued to [debt-laden] borrowers.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Ron Paul Discusses His New Channel And The NSA Spying Program
Patient has 75 per cent of his skull replaced by 3D-printed implant
American held in ICE custody for 1,273 days just one of many
The Food-Truck Business Stinks
US, S. Korea to stage massive air exercise in show of force against N. Korea
Thousands of new laws take effect on New Year's Day
FTC to music teachers: Better not try to raise the price of your lessons.
Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
US Bid to Contain Russia and Latin America Speeds New Alliances
Treasury Surpasses Debt Limit on First Day of Ceiling’s Suspension
Google chief Eric Schmidt urges North Korean leaders to adopt Internet freedom
Theresa May says the internet must now be regulated following attack
Rome police bust massive marijuana plantation under Bank of Italy
Russian Stocks Now Cheaper Than Ever as Oil Rout Deepens
Defense contractor accused of espionage had worked in deterrence at US Pacific Command