We understand the intent of congress and the cfpb to prevent mortgage but uses in the future and stabilizing the Housing Market. Nevertheless, we are concerned that the plethora of regulatory changes could further stymie the Housing Market and Community Banks ability to provide Mortgage Loans. For this reason, we urge the cfpb to tailor the rules so they do not inhibit many banks ability to provide mortgages. Many Community Bank Mortgage Loans are held in portfolio and are not sold on the secondary market. The banks have a vested interest in how the loans perform. Accordingly, they are underwriting the underwriting for these loans has historically been more conservative. Many of these loans are not cookie cutter loans they are made to borrowers who cannot qualify for a secondary market loan and not because they do not have the ability to repay, but because their properties may be unique. It may be a large parcel or have outbuildings that do not qualify for the secondary market. Like th
Alternative protein sector eyes new horizons - Manitoba Co-operator
manitobacooperator.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manitobacooperator.ca Daily Mail and Mail on Sunday newspapers.
Household Groceries Emissions Cut by 25% with Simple Food Swaps
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.