UMD-Smith Finance Expert Cliff Rossi Comments on New Mortgage Lending Rules
Cliff Rossi, Tyser Teaching Fellow and executive-in-residence at the University of Maryland’s Robert H. Smith School of Business, is available to comment on new home lending regulations set forth by the Consumer Financial Protection Bureau. The bureau's “Ability to Pay” rule is designed to assure the reliability of mortgages. It addresses portions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act focused on consumer ability to repay home loans.