mortgage: House Passes Bill Curbing Mortgage Brokers - How Will This Affect Florida
- 11/21/07 11:21 AM
WASHINGTON -- The House passed legislation to give more protection to home-mortgage borrowers, but deadlocks in the Senate make it unlikely that such a measure can be enacted into law before next year, in the latest sign Congress is struggling to address the nation's mortgage crisis. By a vote of 291-127, the House approved a bill to tighten regulation of mortgage brokers and banks' loan officers, barring them from "steering" borrowers into higher-cost loans they might be unable to repay. But such legislation hasn't yet been seriously debated in the Senate, Link to full story: http://online.wsj.com/article/SB119514330797994284.html?mod=todays_us_page_one The above was posted just 8 hours ago … (1 comments)
WASHINGTON -- The House passed legislation to give more protection to home-mortgage borrowers, but deadlocks in the Senate make it unlikely that such a measure can be enacted into law before next year, in the latest sign Congress is struggling to address the nation's mortgage crisis.
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