Tag: risky mortgages

  • New Mortgage Rules Unveiled by CFPB

    New Mortgage Rules Unveiled by CFPB

    Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out. The new mortgage rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans... Continue Reading

  • 'The New Subprime' Mortgage: Risky Loans Emerge in Twist on Seller Financing

    'The New Subprime' Mortgage: Risky Loans Emerge in Twist on Seller Financing

    Mortgages resembling the kind of subprime loans that were blamed for the foreclosure crisis are creeping back into the market, leaving some experts and regulators alarmed. The loans give a relatively new twist to seller financing, putting homeownership within reach of borrowers who can't qualify for a... Continue Reading

  • Consumer Bureau Proposes Rules for Risky Mortgages

    Consumer Bureau Proposes Rules for Risky Mortgages

    By Blake Ellis NEW YORK -- The Consumer Financial Protection Bureau has proposed rules aimed at protecting more borrowers from getting stuck with mortgages carrying high rates and fees or risky terms. The government's consumer watchdog is seeking to allow more consumers to qualify for the protections offered... Continue Reading