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| August 15, 2018

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Consumer bureau to unveil new mortgage standards -

Consumer bureau to unveil new mortgage standards

The regulations aim to loosen choking loan standards by limiting bankers’ liability for prime loans that can be sold to mortgage giants such as Fannie Mae.

In sweeping new rules aimed at fixing the home lending market, the Consumer Financial Protection Bureau on Thursday will define a “qualified mortgage” — one a borrower can actually be expected to pay back — while in effect banning a slew of dicey loans at the center of the financial crisis.


L.A. Times – Business

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