Borrowers who are deep in debt could find it even harder to get home loans under a new Trump Administration proposal. Leaders of the Consumer Financial Protection Bureau said Thursday they plan to allow the expiration of the so-called “qualified mortgage patch,” a loophole in post-recession lending rules that lets deeply indebted homeowners take out loans, according to the Wall Street Journal. The patch allowed Fannie Mae and Freddie Mac to back some home loans […]
source https://therealdeal.com/national/2019/07/26/trump-proposal-would-make-getting-a-mortgage-harder-for-homeowners-deep-in-debt/#new_tab
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