Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income

W Frame, Kristopher Gerardi, Daniel Sexton and Joseph Tracy

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.

Keywords: Real Estate; Banking; Finance (search for similar items in EconPapers)
Date: 2020-03-24
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:87778

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