Mortgage stew hard to stomach for some

 
BY RICHARD MIZE
Published: April 16, 2011

New mortgage finance regulations are on the way and they will make it even harder to get a loan to buy a house at the best possible interest rates.

No more than 28 percent of gross monthly income could go for housing; monthly household debt no more than 36 percent.

Mandatory equity of 25 percent required to refinance, 30 percent to take cash out.

Any credit account 60 days late the past two years? You'r...


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