ARMs race: adjustable-rate mortgages make a comeback
Housing Wire
JUNE 15, 2022
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, requires lenders to check a buyer’s ability to repay (ATR), which protects them from predatory lending practices. Not a one-size fits all”. For the next six months, we expect ARMs to have some popularity,” said Johnson.
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