The Consumer Financial Protection Bureau will be releasing
new rules today for home mortgage financing.
Under these new rules, THE BANKS WILL HAVE TO USE THE BORROWER’S
FINANCIAL RECORDS TO DETERMINE IF THEY QUALIFY FOR THE LOAN!
*Smacks head*
Now, if you buy a house YOU HAVE TO BE ABLE TO AFFORD
IT! WHAT A CONCEPT!
http://www.newsobserver.com/2013/01/10/2595304/new-federal-rules-aim-to-curb.html#storylink=misearch
how long before the DemocRats start bad mouthing this?
ReplyDeleteAnd I am sure Obama is claiming he is the one who came up with this idea!
ReplyDeleteI'm wondering how long it will take the ACLU and 9th Circus to put a stop to this discriminatory excess.
ReplyDeleteIt was stopping this perceived 'limiting of access' that caused the fall of the hosing market to begin with! LOL - but you're right. I'm sure they will begin challenges soon.
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