It is time for a Mortgage Revolution…
Thought I was done howling about HR1728 and Mortgage Reform?
Sorry – Until this industry develops a way to regulate ourselves from deep down in the trenches on up, we will always have threatening political pressure from government influences.
I’ve been a Las Vegas loan officer since 2000, which means I [...]
Tag Archives: hr 1728
A Mortgage Revolution – We Need A Mortgage Originator Code of Conduct
How Long Until H.R. 1728 Makes It Through The Senate?
As we’ve reported earlier this week, H.R. 1728: The Mortgage Reform and Anti Predatory Lending Act has already passed the House and is making its way to the Senate.
While mortgage originators are still trying to disseminate the details of this new proposed legislation, one of the main concerns on everyone’s mind is the amount of [...]
Why All Mortgage Originators Should Care About H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act
The proposed H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act moved through the House on May 7, 2009 with a vote of 300 to 114 in favor of new legislation that is intended to amend the Truth in Lending Act to specify duty of care standards for originators of residential mortgages.
The bill’s general theme of [...]
Supporters of H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act Believe Borrowers Were Duped Into Bad Loans
Even though the Miller, Watt, Frank Mortgage Reform and Anti-Predatory Lending Act may be viewed by some politicians as a way to prevent another foreclosure crisis, blaming the mess on predatory lenders who “Duped” consumers into bad loans doesn’t paint a fair picture of the entire story.
In a testimony given by U.S. Representative Bradly Miller [...]
H.R. 1728, Mortgage Reform Act Moves Through House
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Mortgage reform is hip and cool in a Congress that wants to be seen by constituents as “agents of change.” And change we are going to get–this will fundamentally reshape how mortgage brokers and lenders do business. I guess the most interesting story line in this is the tentative acceptance being handed out [...]
Mortgage News You Should Read – 2009-05-01
Image by Getty Images via Daylife
Update on H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act
H.R. 1728 has left the House Financial Services Community and is headed to the floor of the House of Representatives, next week. Several in the mortgage industry are cautioning the impacts it will have on the mortgage lending:
In testimony Thursday before [...]
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