TIL – Reg Z Report
Posted on October 16, 2009
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The National Association of REALTORS sent a letter to Federal Reserve Board Chairman Ben Bernanke asking for a delay in the enforcement of restrictions preventing lenders from making higher-priced FHA mortgages. Mortgage Marvel said that the TILA’s Regulation Z changes require additional disclosures and more information in advertisements about how payments on adjustable-rate mortgages might increase. Cypress Software Systems recently announced that its Mark IV series offerings enable lenders to be compliant with changes to the Reg Z, which impacts a new category of loans known as higher-priced.
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