The Real Estate Encyclopedia
U.S. House panel to target predatory mortgage lending
Category - Mortgage Questions - Mortgage Loans FAQ's

Predatory Lending

If passed by Congress, the Mortgage Reform and Anti-Predatory Lending Act of 2009 would end bonuses for brokers who steer borrowers into higher-priced loans, and require brokers to confirm borrowers' income.

Proponents say it's a simple goal: Make sure homeowners can actually afford their loans.

April 23, 2009

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Mortgage Questions - Mortgage Loans FAQ's
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