NEW RULES FOR HOME LOANS

摘要

MORTGAGES WON'T BE HARDER TO GET, BUT THEY COULD COST MORE. NEW MORTGAGE RULES FROM the Consumer Financial Protection Bureau cement in place the tough criteria for getting a home loan imposed after the mortgage meltdown. The rules ensure that the lax practices and toxic loan features (such as exploding interest rates, mushrooming balances and interest-only payments) that were at the heart of the housing bust won't be revived. The rules also protect lenders who comply with them from lawsuits brought by borrowers who wind up in foreclosure.