Saturday, November 16, 2013

‘Qualified’ Loans, Redefined

Posted by Me on Facebook on November 16, 2013 at 05:16PM:

Buyers should qualify for a new purchase now. Federal "Qualified Mortgage" tighten in Jan.

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Source:

http://www.nytimes.com/2013/11/10/realestate/qualified-loans-redefined.html?smid=fb-share

Description:

Lenders will be required to meet new underwriting standards for “qualified mortgages” — those eligible for sale on the secondary market.

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