Facts That Make A Difference

April 25th, 2013

We frequently hear of the burden governmental regulations place on business operations. It’s true. For an excellent example, consider that the Consumer Financial Protection Bureau (the bureau created from Dodd-Frank legislation) in January, 2013 issued a document of 804 pages to define the term “qualified mortgage”. Simply put, a qualified mortgage is where the home borrower’s monthly debt payments cannot exceed 43% of monthly before tax income.

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