Center for Responsible Lending: Qualified mortgages protect borrowers

01/31/2013

The Center for Responsible Lending has published a fact sheet to help consumers navigate the qualified-mortgage borrowing process. A winner of the MacArthur Award for Creative & Effective Institutions, the center supports qualified-mortgage rulemaking as a measure of protecting borrowers from future lending crises by making sure they can repay their mortgages before engaging in a binding transaction. The fact sheet is intended to help borrowers understand qualified-mortgage standards set forth by the Consumer Financial Protection Bureau.

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