"CFPB new rules will be implemented accurately and expeditiously" this quote from the Regulatory Implementation article, posted on the CFPB website, says it all. In layman terms, qualifying for a mortgage will require, lower debt to income ratios, more cash reserves, and everything else about your credit and job history will be more highly scrutinized. Some who qualify for a mortgage today, WILL NOT qualify for a mortgage in 2014. Call me to discsuss how the CFPB Qualified Mortgage Rules will effect your Dream of Home ownership. 517-240-3015 THIS APPLIES TO REFINANCING TOO.