(h/t Stacie Price)
New Proposed Mortgage Qualification Rule May End Homeownership As We Know It
Check outhttp://www.federalreserve.gov/newsevents/press/bcreg/20110329a.htm. Sound reasonable? After that go to http://on.fb.me/vfsinc-fb and read the article released today by the National Urban League on the new proposed federal mortgage qualification rule.
If you’re concerned about this new rule calling for “qualified residential mortgages,” call your Congressmen/women and Senators to let them know your thoughts on this proposed rule that will possibly go into effect if citizens don’t lift their voices. Additionally, you will find a link to the Federal Reserve’s page where you can submit your comments and view comments of industry professionals and individual citizens.
**Deadline to submit comments is this Fri., June 10th**