Home Must Reads Feds list new mortgage rules

Feds list new mortgage rules

| Print |  Email
Must Reads
Friday, January 11, 2013

The government released new mortgage rules, which may make it easier to get a mortgage from a community bank or credit union instead of a large bank.

The government’s new mortgage rules, released Thursday, included a key standard — consumers can’t get a “qualified" mortgage if they have debts exceeding 43 percent of their income. But the Consumer Financial Protection Bureau proposed an exemption for small creditors, which could give them an advantage, especially when they lend to low- and moderate-income communities.

The consumer watchdog made clear the advantages of getting a qualified mortgage as it released the rules during a news conference in Baltimore. Homeowners with these types of loans have to meet stricter standards, but these mortgages will probably have lower rates and fewer fees. And banks will enjoy certain legal protections.

Read more at The Bend Bulletin.

{biztweet}mortgage{/biztweet}

 

More Articles

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
14BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS