Under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, lenders are required to make a reasonable and good faith determination based on verified and documented information that the borrower has a reasonable ability to repay a loan. The law also established a presumption of … [Read more...]
The Federal Shutdown: A Perfect Storm for the Mortgage Market?
October 24, 2013 By Leave a Comment
The recent shutdown of the federal government amplifies the dampening effects of the 2008 market crash and the recent sequestration. There is a widespread fear that this convergence of economic forces could create a “perfect storm” that may cripple the national and local economies for the … [Read more...]
703-485-4663
