During the years preceding the mortgage crisis, too many mortgages were made to consumers without regard to the consumers ability to repay the loans. Loose underwriting practices by some creditors including failure to verify consumers income or debts and qualifying consumers for mortgages based on teaser interest rates after which monthly payments would jump to unaffordable levels contributed to a mortgage crisis that led to the nations most serious recession since the Great Depression. Amid concerns that risky mortgage ...
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During the years preceding the mortgage crisis, too many mortgages were made to consumers without regard to the consumers ability to repay the loans. Loose underwriting practices by some creditors including failure to verify consumers income or debts and qualifying consumers for mortgages based on teaser interest rates after which monthly payments would jump to unaffordable levels contributed to a mortgage crisis that led to the nations most serious recession since the Great Depression. Amid concerns that risky mortgage products and poor underwriting standards contributed to the recent housing crisis, Congress included mortgage reform provisions (qualified mortgage (QM) and qualified residential mortgage (QRM)) in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Consumer Financial Protection Bureaus (CFPB) regulations establishing standards for QM loans became effective in January 2014. More recently, six agencies jointly issued the final QRM rule that will become effective in December 2015. This book discusses views on the expected effects of the QM and QRM regulations, and examines the extent of agency planning for reviewing the regulations effects, among its objectives.
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Add this copy of Qualified Mortgages to cart. $163.98, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2016 by Nova Science Publishers Inc.
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Fine. Intended for college/higher education audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Qualified Mortgages: Elements & Potential Effects to cart. $166.46, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2016 by Nova Science Publishers Inc.
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Seller's Description:
New. Intended for college/higher education audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
