Comments on: HR 3915 – The Mortgage Reform & Anti-Predatory Lending Act of 2007 http://bricksandmortar.wordpress.com/2007/11/08/hr-3915-the-mortgage-reform-anti-predatory-lending-act-of-2007/ A Clearinghouse on Faith, Development and Nonprofits Thu, 05 Nov 2009 23:17:33 +0000 http://wordpress.com/ hourly 1 By: euandus2 http://bricksandmortar.wordpress.com/2007/11/08/hr-3915-the-mortgage-reform-anti-predatory-lending-act-of-2007/#comment-890 euandus2 Thu, 05 Nov 2009 23:17:33 +0000 http://bricksandmortar.wordpress.com/2007/11/08/hr-3915-the-mortgage-reform-anti-predatory-lending-act-of-2007/#comment-890 I don't think the reform being considered by Congress goes far enough because I don't think they (and we) know the extent to which bankers will go to get their way. BTW, I recommend the following: http://euandus3.wordpress.com/2009/11/05/advantage-banks/ I don’t think the reform being considered by Congress goes far enough because I don’t think they (and we) know the extent to which bankers will go to get their way. BTW, I recommend the following:
http://euandus3.wordpress.com/2009/11/05/advantage-banks/

]]> By: mike volpe http://bricksandmortar.wordpress.com/2007/11/08/hr-3915-the-mortgage-reform-anti-predatory-lending-act-of-2007/#comment-251 mike volpe Fri, 09 Nov 2007 18:13:44 +0000 http://bricksandmortar.wordpress.com/2007/11/08/hr-3915-the-mortgage-reform-anti-predatory-lending-act-of-2007/#comment-251 For full disclosure, I am a mortgage broker myself. There are so many problems with this bill that it is hard to know where to begin. Here is the biggest problem. The people legislating have absolutely no idea about any of the complexities of the mortgage market. They are legislating based on ignorance and on opportunism. This will be catastrophic. I have written a definitive piece on all of the players in the mess, including the broker, and why each is or is not being targeted. Here it is... http://proprietornation.blogspot.com/2007/11/from-boon-to-crisis-truth-about.html For full disclosure, I am a mortgage broker myself. There are so many problems with this bill that it is hard to know where to begin. Here is the biggest problem. The people legislating have absolutely no idea about any of the complexities of the mortgage market. They are legislating based on ignorance and on opportunism. This will be catastrophic. I have written a definitive piece on all of the players in the mess, including the broker, and why each is or is not being targeted. Here it is…

http://proprietornation.blogspot.com/2007/11/from-boon-to-crisis-truth-about.html

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