Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income
Abstract: The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.
File format is text/html
Description: Full Text
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2020-03-24