Personal Finance Advice and Commentary

Friday, April 22, 2011 9:21 am
By Marcie Geffner ·

Four hundred seventy-five pages. That’s the length of the Federal Reserve’s latest notice of a proposed rule to implement a federal law that says lenders must determine whether a borrower has the ability to repay a mortgage. The issue of whether a borrower can repay a loan is naturally somewhat tricky. But 475 pages? That’s longer