Mortgage Lenders must register in Database. While searching online,I ran across this story about Mortgage Lenders must register in Database. The new requirements were mandated by a bill passed by Congress two years ago but Federal bank regulators approved them on Wednesday. Doing this they feel will crack down on the shady mortgage brokers and lenders who many people feel contributed to this whole mortgage mess that we are trying to get out of.
So what do you feel about this? Would this work? Is this going a little bit too far? Please reply with your comments. I definitely want to know what anyone in the Mortgage Industry feel about this. Click on this link to read the story Mortgage lenders must register in database