First the basics: The Feds are tightening or clarify some of the lending rules and they have decided the new laws will apply to all lenders, not just those who participated in the sub prime side of lending. 1. Verification of (in writing) a buyers ability to repay the loan when it is at it’s highest expected [...]
Mortgage Lending Laws To Change
July 14th, 2008 · 1 Comment
Tags: Cleveland Real Estate · economic news
