After working behind the scenes to negotiate on differences with House Financial Services Committee chairman Barney Frank (D-MA), Senators Chris Dodd (D-CT) and Richard Shelby (R-AL) on Wednesday rolled out a housing proposal that could be put to the Senate floor for a final vote as early as this week.
“Americans are looking to Congress to […]
Filed under: 2008 Loan Limits, Jumbo Loans, Legal | Comments Off
The Mortgage Reform and Anti-Predatory Lending Act of 2007
Sec. 101. Definitions.
Establishes definitions for various terms, including: “mortgage originator,” “qualified nationwide registration regime,” “qualifying state licensing law,” “residential mortgage loan,” and “securitizer.”
Sec. 102. Residential mortgage loan origination.
Provides that all mortgage originators (including mortgage brokers and depository institutions that originate mortgages) will be subject to a […]
Filed under: Legal, Mortgage Contract | No Comments
N.Y. AG Andrew Cuomo said Thursday that his office sued First American and its eAppraisalIT unit for alleging colluding with Washington Mutual ….
From http://www.nctimes.com/articles/2007/11/01/ap/business/d8sl08m00.txt
New York Attorney General Andrew Cuomo said Thursday a major real estate appraisal company colluded with the nation’s largest savings and loan companies to inflate the values of homes, contributing to the […]
Filed under: Legal | No Comments
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