Tip - The new mortgage rules that are likely to affect your next home purchase

Tougher loan standards could raise costs and shut many people out of the housing market, lending experts say.
Tags: Qualified Mortgage, QM, Ablity to Repay policies, changes in mortgage application process in 2014, Richard Cordray, director of the Consumer Financial Protection Bureau, Dodd- Frank Act, housing market crisis, David Zugheri, executive vice president of Envoy Mortgage in Houston, Doug Benner, vice president and sales manager of 1st Portfolio Lending in Rockville, Henry Savage, president of PMC Mortgage Corp. in Fairfax, Fannie Mae, Freddie Mac