Underwriting

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Ability-to-repay proposal undermines mortgage origination advances 

Apr 20, 2011By

Considering the state of flux of the economy, jobs in particular, it’s hard to find succinct wisdom in the Federal Reserve’s proposal to modify mortgage origination under Regulation Z. In fact, it’s hard to believe it will have a meaningful impact on mortgage originations, though the Fed obviously sees it the other way around.

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