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Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income


Abstract: The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.

Keywords: Real Estate; Banking; Finance;

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2020/0324
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2020-03-24