Personal Finance Advice and Commentary

The rule that defines what a safe mortgage is could restrict credit.

Mitt Romney brought up mortgages in the first presidential debate. Here is what he was talking about when he mentioned qualified mortgages.

Should homebuyers be required to make a down payment of at least 20 percent of a home’s purchase price to qualify for a mortgage? That’s a hot topic in a current debate about the federal government’s soon-to-be-issued official definition of a “qualified residential mortgage” or “QRM.” Once the definition and the risk-retention rule that requires