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Transcripts For FBC The Willis Report 20130110

Look, its a way to make money. They need a headline. Melissa well, the show is called money. All right. We have to go. Thats all the money we have for you today. The c becker tomorrow. The willis report is coming up next. Gerri tonight, the white house planning to use executive power to limit gun owner rights in this country. And the number one goal of american millionaires. The surprising answer to a new survey. Welcome to the willis report. Hello, everybody. Im gerri willis. The Consumer Financial Protection Bureau rolling out new mortgage rules today, and as we do whenever the government issues new regulations, we take a look at the true impact on you , not the promises. Here are the basics on todays new rules. They prohibit a borrowers total loan payments from exceeding 43 of income. No more of those highrisk mortgages like no Income Verification loans that played a part in the housing bust. Skeptics ask whether these hurt the people theyre trying to protect and damage the delicate

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David Kinchen – Newspaperman. Well done and well said

David Kinchen – Newspaperman. Well done and well said
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