Ability To Repay (ATR) and what it means to home buying consumers

In mid-January of 2014, (01/10/2014) a lot of new regulations came into effect that will impact home buyers and the lenders with whom they are trying to get loans. If you want to get the most up-to-speed details about these changes, I suggest you check out this link at the Consumer Financial Protection Bureau site which outlines specific parts of the legislated requirements that are amended to the Dodd-Frank Act.

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