The Breakdown on Qualified Mortgages As many of you know, the Consumer Financial Protection Bureau (CFPB) recently announced new rules for how mortgage professionals qualify buyers for home loans. These new rules take effect January 10, 2014, and require lenders to prove a borrower’s ability to repay a loan before extending credit.Here are the 8… [Read More]
Archives for January 2013
For the week ending 1/6/13, these charts show the spiking of activity which usually occurs in January as people make plans for the year. The numbers in Oregon and Washington rose significantly this week.