When it comes to very first time, loan providers building a high-cost loan needed to report a borrower’s power to repay the mortgage. The Fed additionally barred lenders that are high-cost refinancing mortgages they made within per year.

When it comes to very first time, loan providers building a high-cost loan needed to report a borrower’s power to repay the mortgage. The Fed additionally barred lenders that are high-cost refinancing mortgages they made within per year. But Margot Saunders, regarding the nationwide Consumer Law Center, stated the 2001 modifications had small effect. Loan […]