Ability to pay in 475 pages
Mortgage News
Four hundred seventy-five pages.
That's the length of the Federal Reserve's latest notice of a proposed rule to implement a federal law that says lenders must determine whether a borrower has the ability to repay a mortgage.
The issue of whether a borrower can repay a loan is naturally somewhat tricky.
But 475 pages
That's longer than most novels, and
Source: Bankrate.com » Mortgages