How Qualified Mortgages Work . To be eligible for a qualified mortgage, borrowers must meet certain requirements. These are based on an analysis of the borrower's ability to repay their mortgage ...

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight.

Non-qualified mortgages aren't without risks, especially since they aren't backed by the Consumer Financial Protection Bureau or government agencies like FHA, VA, Fannie Mae and Freddie Mac.

How Qualified Mortgages Work . The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 amended the 1968 Truth in Lending Act (TILA) to establish ability-to-repay requirements for ...

At the beginning of 2009, the U.S. economy was in the grip of one of the worst financial crises in our history. Home lending practices, which played a big part in that crisis, naturally assumed a ...

In 2013, the Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the qualified mortgage concept, which was designed to eliminate the market abuses that had led to the financial ...

We are about to put our townhouse (we don't really like being landlords and we had great tenants last year, also the market in the DC area feels like 2006 again) on the market and our Agent told ...

Mortgage lenders and servicers are preparing for an “unprecedented” period in January when they will be forced to analyze some of the Consumer Financial Protection Bureau’s final lending ...

New mortgage-lending rules take hold Friday that federal regulators say will guard against the risky lending practices that fed the housing bubble, which led to the greatest collapse in U.S. home ...

How a non-qualified mortgage works. Some homebuyers who need more flexibility when applying for mortgages could benefit from a non-qualified mortgage, or a Non-QM loan, Cohn said.

Qualified mortgages have a maximum debt-to-income ratio (the percentage of your income that goes toward monthly debt payments) of 43%, while some non-QM loans allow for ratios over 50%. Higher ...