Detailed text transcripts for TV channel - FOXNEWS - 20130110:16:13:00
Garden-variety greed and foolishness on the part of some borrowers. under the new rules announced today a borrower must supply his or her financial information to the lender who must in turn verify it. the borrower must demonstrate he or she has sufficient income to pay back the loan. these are kind of conditions would be start precepts dating back to the pharaohs but. qualified mortgages no longer have terms longer than 30 years. they can no longer carry fees and points in excess of 3% of the loan or allow for negative amortization payments where the increase of amount. sounding like a fine p...
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