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.