Time to avoid a subprime future
Story date: 2007-10-28 02:10:00
Added on: 2007-10-28 20:40:54
MSN MoneyCentral - The bill, similar to one put forward by Democrat Charles Schumer in the Senate, would eliminate some of the perverse incentives that warped the market for such loans. Mortgage originators would have a "duty of care" to make only those loans a ...
Read more...
Related Stories:
-
Schumer `Won't Take No' as He Wields Political, Policy Clout
Bloomberg - Legislation introduced by Schumer in May would also make lenders legally liable when brokers and appraisers steer consumers into mortgage...
2007-10-04 08:34:00 -
Schumer bill targets mortgages' fine print (Rochester Democrat and Chronicle)
Sen. Charles Schumer is pushing a bill to make mortgage lenders provide a one-page document showing the interest rate, monthly payment and...
2007-11-16 02:48:00 -
Schumer bill targets mortgages' fine print
Rochester Democrat and Chronicle - Schumer, D-N.Y., announced Thursday that he had introduced a bill to require mortgage lenders to provide a...
2007-11-16 01:35:00 -
SCHUMER VENTS HIS RATE RAGE (New York Post)
Despite the attention drawn to the nation's foreclosure crisis, unscrupulous mortgage brokers continue to do business as usual, an angry Sen. Charles...
2007-08-27 09:40:23 -
Schumer Urges Countrywide to Help Refinance Loans (Update1) (Bloomberg.com)
Aug. 29 (Bloomberg) -- U.S. Senator Charles Schumer asked Countrywide Financial Corp. to waive prepayment penalties, help refinance loans and take other...
2007-08-29 07:40:34 -
SCHUMER VENTS HIS RATE RAGE
New York Post - August 27, 2007 -- Despite the attention drawn to the nation's foreclosure crisis, unscrupulous mortgage brokers continue to...
2007-08-27 08:12:00 -
Schumer Calls For Crackdown On Sub-Prime Mortgage Lenders
NY1 - Senator Charles Schumer wants to see a state crack down on mortgage companies who he says are pushing more and...
2007-08-26 07:47:00 -
Schumer Presses Big Four on Mortgages (WebCPA)
Washington, D.C. (Aug. 29, 2007) - Sen. Charles Schumer, D-N.Y., has written letters to the Big Four accounting firms asking what they...
2007-08-29 04:09:48
