Lenders Warn About Legislative Draft
Posted on November 11, 2009
Filed Under Uncategorized | Leave a Comment
Senate Banking Committee Chairman Christopher Dodd has drafted legislation that includes provisions unpopular with home lenders. The Mortgage Bankers Association issued a statement warning about the proposed continued "patchwork of state and local lending laws" would confuse prospective borrowers and enable predatory lending. Another provision of concern to MBA is one requiring lenders to retain an interest in securitized loans.
Comments
Leave a Reply
You must be logged in to post a comment.
Site of the month
Complete Mortgage Guide with Hundreds of Articles!Mortgage Recommended Resources
Mortgage Cycling Revealed.. Patent Pending Mortgage Reduction Program Quickly Builds A Minimum Of $40,000 Worth Of Home Equity. Click Here for More Info >>
Mortgage Secrets For Investors. Mortgage Secrets For Real Estate Investors E-book. Stop Getting Bullied By The Banks And Start Closing Your Investor Loans! Click Here for More Info >>
Real Estate Shared Appreciate Mortgage EBook. Discover The Secrets Of Building A High Net Worth With Real Estate Using Shared Appreciate Mortgage In This EBook.Click Here for More Info >>
Mortgage Secrets Exposed - Real Estate. How Anyone, With Any Credit Can Get Any Mortgage Fast & Easy! Get Any Loan With Bad Credit: Mortgages, Home Loans And More! Click Here for More Info >>
Sponsored Ads
