New standards and rules have been revealed from the Consumer Financial Protection Bureau that will change future mortgage loans. The newly announced rule is based on two factors: The first factor considers the consumer’s ability to repay mortgage loans and the second factor is the ability for the consumer to verify income and assets. This rule is the first of many major new rules to come in hopes of preventing loose lending practices that led to the past mortgage crisis. More here

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Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302