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Close Topic OptionsStricter mortgage rules will allow ARMs
Stricter Mortgage Rules Arms - Politics, Business, Civil, History - Posted: 1st Apr, 2011 - 10:30pm
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Post Date: 1st Apr, 2011 - 10:30pm / Post ID: #
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Stricter mortgage rules will allow ARMs
Stricter mortgage rules will allow ARMs
Mortgage News
You'll be able to get an adjustable-rate mortgage at a relatively attractive rate, even after regulators impose stricter underwriting rules.
This week, the feds proposed tight underwriting standards for "qualified residential mortgages," or QRMs. I'll explain further in a later paragraph because I don't want your eyes to glaze over yet. Suffice to say that qualified Source: Bankrate.com » Mortgages
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