New mortgage rule could push some borrowers into ‘shadow’ lending industry

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Jan. 10, 2014

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The debt-to-income ratio requirement part of a new mortgage rule could spur some low-income borrowers to take out loans with mortgage rates that far exceed those available to wealthier borrowers, David Stevens, CEO of the Mortgage Bankers Association, told The ...

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