Sentences with phrase «mortgage under the old rules»

Of those surveyed, 64 percent said it was easier getting a mortgage under the old rules, than under TRID.

Not exact matches

Under sweeping new rules passed last week, the 18 - month - old federal agency moved to help protect consumers from the worst sorts of predatory lending practices and shoddy underwriting standards that helped cause a dramatic increase in mortgage delinquencies and consequently the country's recent foreclosure crisis.

Under the old rules, lenders were required to «stress test» borrowers applying for an insured mortgage with variable interest rates or fixed interest rates with terms of less than five years to ensure they could make their payments.

The average reverse mortgage borrower drew 64 % of their equity under the old rules.

If you're a homebuyer making at least a 20 percent down payment, you'd find it easier to qualify under the old mortgage rules.

Under the old mortgage rules, you'd be able to spend up to $ 706,692 on a home, but under the new mortgage rules, you'd only be able to spend $ 559Under the old mortgage rules, you'd be able to spend up to $ 706,692 on a home, but under the new mortgage rules, you'd only be able to spend $ 559under the new mortgage rules, you'd only be able to spend $ 559,896.