Lending Reform: Let The Battle Begin!

Story date: 2007-10-22 01:34:00
Added on: 2007-10-22 22:00:19

CNBC - It also prohibits prepayment penalties on subprime loans and limits prepayment penalties on prime loans. The penalties would actually have to expire three months before an interest rate on an adjustable rate mortgage would reset. The bill also makes ...


Read more...

Related Stories:

• State bans some prepayment penalties (The Pueblo Chieftain)

  DENVER - The Colorado Division of Real Estate has enacted an emergency rule that it hopes will put an...
  2007-12-18 04:12:33

• Gov't Official: Hit To Economy Not Over

  CBS News - Among other things, it would expand existing borrower protections under law to cover high-cost mortgage loans, and prohibit "balloon"...
  2007-09-05 11:31:00

• Colorado restricts mortgage prepayment penalties (BizJournals)

  Division of Real Estate Director Erin Toll has issued an emergency rule restricting prepayment penalties on mortgage loans, Gov. Bill Ritter's office...
  2007-12-17 10:48:16

• Colorado restricts mortgage prepayment penalties (Denver Business Journal)

  Division of Real Estate Director Erin Toll has issued an emergency rule restricting prepayment penalties on mortgage loans, Gov. Bill Ritter's office...
  2007-12-17 10:48:16

• Governor promises strict enforcement of mortgage law

  Greeley Tribune - Division of Real Estate Director Erin Toll, who is charged with enforcing the new law, has issued an emergency...
  2007-12-17 10:31:00

• Fed to propose consumer protections in mortgage regulations

  Kansas City Star - ... or banning prepayment penalties on high-cost loans, guidelines on how lenders should determine repayment ability, limits...
  2007-12-15 03:55:00

• Fed chief calls for new mortgage rules

  International Herald Tribune - We are looking closely at some mortgage lending practices, including prepayment penalties, escrow accounts for taxes and insurance,...
  2007-09-20 11:56:00

• Group Says Originators, Wall Street Share Blame for Woes

  Stockhouse Canada - These trade groups, including the Mortgage Bankers Association, are willing to accept limits on prepayment penalties so that subprime...
  2007-09-15 11:48:00