Monthly Archives: November 2013

Debt to Income Requirements Changing – What Does it Mean to You?

Under the terms of the Dodd-Frank act, as of January 10, 2014 banks will be subject to the Ability-to-Repay Rule – also known as the Qualified Mortgage Rule. One of the provisions of that rule is that a borrower’s total … Continue reading

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Is the Fed Poised for Some Policy Changes?

If senior officials listen to their own economists, the answer will be yes. At present, the Fed expects to begin raising interest rates when the unemployment rate drops to 6.5% and inflation rises to 2.5%. Now a half-dozen Fed economists … Continue reading

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