HR 3915 - Battle Lines Are Drawn As Vote Nears

11/5/2007

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HR 3915 Addresses Many Aspects of Predatory and Other Mortgage Lending   Mon, 5 Nov 2007 08:35:03 EST Sides are quickly being drawn over a pending bill before the House of Representatives which, if passed, will put in place some stringent new standards for mortgage underwriting and the regulation and compensation of mortgage brokers. HR 3915 is expected to be voted on by the House Financial Services Committee on Tuesday, November 6. Introduced by Representative Bradley Miller (D-NC) and cosponsored by 21 other members of the House, modifies three major sections of Truth in Lending Act (15 U.S.C. 1602), Title I deals with mortgage origination; Title II outlines minimum standards for mortgages, and Title III addresses high cost mortgages... Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Citigroup CEO Charles Prince Steps Down BLOOM Nov. 05, 2007. 08:01 AM EST CNBS Says Prince Alwaleed Wants Sandy Weill to Run Citigroup. Risk and the Subprime Meltdown CNBC Nov. 05, 2007. 09:08 AM EST Discussing risk management, CNBCs Steve Liesman Discussing Financial Stocks - Citi, Countrywide, etc. BLOOM Nov. 05, 2007. 08:13 AM EST Analysis and Discussion with Colin Glinsman of Oppenheimer Capital. Forcing the Feds Hand CNBC Nov. 05, 2007. 08:47 AM EST Bill Gross, PIMCO founder, talks about mortgage risk and rates.   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.