HR 3915 Summary

The Mortgage Action Alliance posted a summary of HR 3915 and forwarded it to their members. Many members of Active Rain, The MHVMBA and NAMB fought to have changes made so the bill became law as a more consumer and industry friendly law. It still needs to go to the Senate where it may be modified again and will go against legislation being proposed by Christopher Dodd (D-Ct).

Follow the lionk to the summary. HR 3915

To those in the industry who have remained involved and taken a few beatings, Thank you. For those of you who are sitting on the sidelines...please get involved.

 
Posted by John Klassen on 12/03/2007 12:43 PM   Comments (2)   ,  

2 Comments on HR 3915 Summary

I think we're seeing a lot more of this nationally.

12/03/2007 01:01 PM by Larry Bettag - Cherry Creek Mortgage

The fact that the industry will be more strictly regulated can be a good thing. Removal of bad apples helps those that remain. THe important thing for us to remember is to remain involved so that the laws that are passed make sense and fix the problems that need fixing.

12/03/2007 01:21 PM by John Klassen

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Mortgage Company: M & T Bank
John Klassen
Kingston, NY
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Ideas, tips and treasures for using old and new mortgage marketing ideas. I am looking to share ideas of how to use what we know about products and process to help market ourselves in new ways.

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