Real estate blog entries tagged with preditory lending by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (Steve Thorne NC Mortgage Experts)

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Home : Blogs : Eleanor Thorne 919-649-5057 Cary Mortgage Loans : Eleanor's RTP Blog : Tag "preditory lending"

preditory lending: Immediate Call To Action!!!!! - 03/25/08 12:46 PM

If you've been following this blog then you know that lending guidelines in NC are the strictest in the Nation. NOW COMING TO A TOWN NEAR YOU are the even stricter guides. This is NOT being done through Congress - but instead is coming via changes to REG Z and the FED.
With these guidelines in place - for instance, you would not be able offer financing on a VA loan where the Vet has a 3% guarantee fee. PLEASE TAKE ACTION NOW! I am all for better guidelines - but this will cripple an already struggling housing market! PLEASE copy and … (10 comments)

preditory lending: Senate Pred Lending Bill Read Em and Weep UPDATE - 12/14/07 04:55 AM

BIG NEWS - Per Banking Committee Website - Dodd Added the information today to "upgrade" FHA into his bill. The wording for the Bill is still not posted in entire form on Thomas - keep checking back. Raises FHA limit to FNMA; lowers downpayment and calls for BONDS not AUDIT to be approved FHA limit - if they left the wording from the House version....
According to the Legislation that Senator Dodd (also running for President) placed into Congress with his BILL 2452 - no cost refinances just WENT AWAY.
A full copy of the bill still does not show up on Thomas - but if … (12 comments)

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Cary, NC

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