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Ballard Spahr LLP: CFPB Final Ability-To-Repay Rule Prompts Cautious Optimism from Industry

By the Mortgage Banking Group The CFPB has issued its long-awaited ability-to-repay/qualified mortgage rule , and at first glance, it appears to warrant cautious optimism for the mortgage industry. The industry fought hard for the creation of a safe harbor for qualified mortgages, and the rule includes...