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Mortgage Rules Changes Are Coming in 2014

Posted by Bonnie Martin Designated Broker on Friday, November 22nd, 2013 at 7:16pm. - The world of mortgage lending has changed significantly since the housing bubble burst. Mortgage lenders have returned to traditional loan standards that require extensive documentation of income and assets for a loan approval.

Government regulatory agencies also continue to react to the housing crisis, with more adjustments to mortgage requirements set to go into effect in 2014:  Qualified Mortgage Rules, The 3 Percent Rule, Self-Employed Borrowers, Potential Lower Loan Limits.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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