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Mortgage Rules and Debt Restrictions
2011-06-11T07:54:38-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZWU1XC8yOTk5OTEtMDMtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==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.
Dina Elboghdady talked about proposed tougher debt restrictions on mortgages, credit cards, and auto and student loans. The changes would…
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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
Dina Elboghdady talked about proposed tougher debt restrictions on mortgages, credit cards, and auto and student loans. The changes would… 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
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