New mortgage rules could crimp lending

Lenders likely to demand larger down payments from buyers in high-cost markets

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

Though the new "ability to pay" (aka Qualified Mortgage or QM) rules released last week by the Consumer Financial Protection Bureau drew extensive media coverage, there are still widespread misunderstandings about how they’ll work in practice. That probably shouldn’t be a surprise since the regulations weighed in at a chunky 804 pages.