Monthly Archives: November 2013

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 →

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 →