About this document
Dodd-Frank by Noel Cookman is a document available to read on EtoBox.
The document discusses how Dodd-Frank will negatively impact divorcing homeowners through its Qualified Residential Mortgage (QRM) rule. The QRM rule may limit mortgage loan-to-value ratios to 80% for purchases and 75% for refinances, killing the housing market. Research shows job loss, not down payment size, causes foreclosure. Dodd-Frank will end financing property buyouts in most divorces unless the home is leveraged at 50% or less of its value. Bills in Congress seek Dodd-Frank repeal but may only tinke
- Author
- Noel Cookman
- Language
- EN