Welcome, sign in or click here to subscribe.
Login: Password:
     


 

 

  Business

Subscriber content preview

January 10, 2013

New rules aim to curb risky mortgages

WASHINGTON (AP) — Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.

The rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky “interest-only” and “no documentation” loans that helped inflate the housing bubble.


 
. . .


To read this story in full login or purchase a subscription.


Search Stories
 Find:
 With:
 In:
 Depth:
 Sort by:
Advanced options

--