dodd frank bill: New Settlement Forms INTENDED to Clarify and Disclose
- 07/02/12 03:35 PM
Well the Dynamic Duo without a Clue-o, Barney Frank and Chris Dodd are at the center of more changes in real estate. The Dodd-Frank bill established the Consumer Financial Protection Bureau (CFPB). The CFPB developed new settlement statements and other changes soon to take effect in our world. I blogged previously about that Dodd Frank changes that will increase closing costs and loan costs to consumers. Previous changes were made to the Truth-in-Lending Act (TILA) and the Real Estate Settlement Procedure Act (RESPA). I had an opportunity to review the new proposed forms that were intended to SIMPLIFY and CLARIFY the … (1 comments)
dodd frank bill: WHOA!! Dodd Frank Act Set to Terminate Seller Financing
- 07/21/11 09:48 PM
Those elves in Washington are at it again. The Clueless Duo, Barney "Circus Clown" Frank and Chris "I do not have to pay back loans" Dodd have snuck key provisions into their bill. CALL YOUR REPRESENTATIVE TODAY!
In an incredible show of effective bank/mortgage lender lobbying or government ignorance the Federal Reserve is considering rules that may end a seller's ability to finance their own property and sell on terms to a buyer!
The problem is that the Federal Reserve has proposed new rules from implementing the Dodd Frank Act. Those rules would effectively eliminate seller financing! If you … (110 comments)
dodd frank bill: Dodd Frank Bill Creates a Disaster for Loan Guidelines
- 06/03/11 06:48 PM
Since there was some reaction to the blog that I posted this week regarding the government's BRILLIANT plan to force lenders to underwrite sub-prime loans, I decided to edit and repost this blog because it is along the same lines. Many in the main stream media have failed to report on this and this is why the government is running amuck and doing whatever it feels like doing. The president of the Mortgage Bankers Association (MBA), Dave Stevens and representatives from the National Housing Conference (NHC) and the Center for Responsible Lending (CRL) have joined forces – along with nearly … (5 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
Well the Dynamic Duo without a Clue-o, Barney Frank and Chris Dodd are at the center of more changes in real estate. The Dodd-Frank bill established the Consumer Financial Protection Bureau (CFPB). The CFPB developed new settlement statements and other changes soon to take effect in our world. I blogged previously about that Dodd Frank changes that will increase closing costs and loan costs to consumers.
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