Mortgage Rules and Debt Restrictions

Dina Elboghdady talked about proposed tougher debt restrictions on mortgages, credit cards, and auto and student loans. The changes… read more

Dina Elboghdady talked about proposed tougher debt restrictions on mortgages, credit cards, and auto and student loans. The changes would also limit mortgage payments to no more than 28 percent of borrowers' gross monthly income. The debt restrictions include a requirement that borrowers have a 20 percent down payment to qualify for the cheapest mortgages. Ms. Elboghdady also responded to telephone calls and electronic communications. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Mortgage Rules and Debt Restrictions

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Program ID:
299991-3
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Jun 11, 2011

Airing Details

  • Jun 11, 2011 | 7:54am EDT | C-SPAN 1
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