Mortgage bill focuses on ability to repay

Story date: 2007-10-11 03:49:00
Added on: 2007-10-11 17:00:24

Reuters - Because many mortgage products have low initial repayment rates, the ability to repay these types of loans would include a calculation that amortizes payments over the life of the mortgage. Lenders would also have to take into account a borrower's ...


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