The Financial Reform bill was just passed. It will affect the Mortgage industry. The claim is justice for the borrower, however we all know that if mortgages are less profitable for those that originate them the borrower is always on the losing end. I prefer to hold my judgement on this bill until it is in place and we have some time to digest the fall out. This article has a quick summary of all the intended reforms.
http://finance.yahoo.com/banking-budgeting/article/110085/what-financial-reform-means
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