Dodd-Frank Wall Street Reform and Consumer Protection Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) became law on July 21, 2010. The Dodd-Frank Act: restructured the oversight of financial regulation and included amendments to the Truth in Lending Act (TILA); established the “ability to repay” anti-predatory lending provisions, which resulted in the Qualified Mortgage (QM) rule; originated the Qualified Residential Mortgage (QRM) rule proposal, the final version of which relies on sound and responsible underwriting rather than on an onerous down payment requirement to qualify as a QRM loan.

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David Ray

About David Ray

David provides viable solutions for sellers, buyers, real estate agents and investors. His areas of expertise include residential, commercial, business and land development. The latest solution is helping sellers with "dated" houses renovate the property for zero cost. Through this solution the seller, the buyer and the community all benefit. After each project is completed, he helps provide thousands of meals to the local food bank.

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