reform: HOMEBUYER SAFEGUARDS? BY GOLLY, I THINK THEY GOT IT!
- 06/27/10 04:38 AM
Homebuyer Safeguards? By Golly, I Think They Got It - Included deep within the massive financial reform package that a House-Senate panel approved on 6/25/10, are some consumer protections that will change the way people shop for a mortgage. I wondered just how far the government would go to prevent a re-occurence of the mortgage meltdown once the market returned to normal. And, by golly, they did what I thought they wouldnt. The reforms are: Documentation Required: We all know that a big part of the mortgage mess was due to the Stated, No Income, and Reduced documentation loans which allowed … (0 comments)
Homebuyer Safeguards? By Golly, I Think They Got It - Included deep within the massive financial reform package that a House-Senate panel approved on 6/25/10, are some consumer protections that will change the way people shop for a mortgage. I wondered just how far the government would go to prevent a re-occurence of the mortgage meltdown once the market returned to normal. And, by golly, they did what I thought they wouldnt. The reforms are:
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