No More Easy Money

Satran, Richard
August 2013
U.S. News Digital Weekly;8/23/2013, Vol. 5 Issue 34, p25
The article discusses the new lending rules with a debt cap that includes common forms of debt that count toward the total including student loans. The new rules tighten rules on documentation and lenders who improvise to give customer easier terms will be open to consumer lawsuits when the loans go bad. Mortgage lenders state that the rules will make loans particularly elusive for some classes of borrowers like the baby boomers entering retirement and young adults with lower income levels.


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