Qualified Mortgage Rule

Economy & Business
3:30 am
Mon November 25, 2013

New Mortgage Rule Could Impact Access to Credit

A new regulation slated to go into effect in early 2014 would tighten lending requirements for those seeking a home loan. The Qualified Mortgage Rule is aimed at preventing another housing crisis like the one that hit the U.S. in 2008.

But some in the financial community and on Capitol Hill worry that rule is too broad and will have unintended negative consequences.

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