Sentences with phrase «irresponsible lending ruled»
Overbuilding and irresponsible lending ruled the day back then.
http://www.nreionline.com/ Not exact matches
In a separate but related news release, CFPB said their new rules were designed to protect consumers from «irresponsible mortgage lending» and «toxic loan features,» such as an interest - only payment structure.
As part of the rules to define what constitutes «fraudulent» or irresponsible lending, mortgage debt service should be reduced to the rate that FDIC head Sheila Bair recommended: 32 percent.
In a separate but related news release, CFPB said their new rules were designed to protect consumers from «irresponsible mortgage lending» and «toxic loan features,» such as an interest - only payment structure.
It puts behind us once and for all the kind of irresponsible lending that disrupted the housing market and so badly damaged our economy, and it provides strong new consumer protections while preserving needed access to mortgage credit,» he said of the rule and its Qualified Mortgage standard.