Click through to learn about lenders’ sentiments on the loosening of most CFPB regulations, that also include rules on Ability to Pay and Qualified Mortgages.
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Mortgage Loan Application Defects Driven Lower by Ability-to-Pay Rules
Mortgage loan application defects are becoming less prevalent in the housing market as the Ability-to-Pay rules are reducing fraud risk related to income, while misrepresented income is more likely to be caught on a loan application.
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