Open Congress : News Articles for H.R.3915 Mortgage Reform and Anti-Predatory Lending Act of 2007

Addressing the Cause and Effect of the Credit Crisis, Legislating ...

2008-04-12T00:00:00Z

On a positive note, some hints of prudence relative to such processes do appear to be hidden in HR 3915. (ii) Performs each appraisal in conformity with the ...

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Attempts to stem abusive practices failed

2008-04-03T00:00:00Z

HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, was passed by the House on Nov. 15, 2007. The bill is now in the Senate Committee on ...

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Nationwide licensing system for mortgage brokers debuts

2008-01-02T00:00:00Z

But lawmakers in the House of Representatives endorsed the idea by incorporating it into HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007 ...

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The Cult of Plausible Deniability

2008-01-01T00:00:00Z

HR 3915, a bill drafted by the House Committee on Financial Services, exemplified the legislative mentality needed to reform the real estate industry in ...

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Keep feds out of mortgage market

2007-12-20T00:00:00Z

A bill has just passed the House of Representatives, HR 3915, and will be going to the Senate. It will essentially shut down the subprime market completely ...

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Fed proposes new restrictions on subprime, alt-A loans

2007-12-18T00:00:00Z

15 approved a bill, HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, which would limit prepayment penalties, set minimum standards for ...

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House bill may worsen climate for subprime borrowers

2007-12-17T00:00:00Z

As if that is not bad enough, The Mortgage Reform and Anti-Predatory lending Act of 2007 (HR 3915), now winding its way through Congress, would worsen their ...

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Senate Democrats propose new restrictions on mortgage lenders

2007-12-13T00:00:00Z

And while the House bill, HR 3915, would create a national registration system for all mortgage originators requiring background checks, fingerprinting, ...

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MBA loses top lobbyist to title insurers' association

2007-12-12T00:00:00Z

... such as HR 3915, the Mortgage Reform and Anti-Predatory Lending Act, and HR 3609, the Emergency Home Ownership and Mortgage Equity Protection Act. In ...

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NAFCU, Consumer Groups & Congress Strike 'Workable Solution' on ...

2007-12-11T00:00:00Z

The subprime definition is taken from language passed by the House in HR 3915. The committee had postponed earlier mark-ups in part due to the concerns ...

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House bill targeting payments to brokers unenforceable

2007-12-10T00:00:00Z

One of the important objectives of The Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915), which passed the House of Representatives Nov. ...

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Democrats Eager to Hone Economic Message

2007-12-07T00:00:00Z

... D-Mass., who has brought forward several bills ( HR 3915 , 1852 and 1427) to try to ease the pain of the subprime mortgage crisis. ...

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New mortgage broker guidelines hope to improve credible status

2007-12-07T00:00:00Z

The objective of the bill (HR 3915) is to minimize problems stemming from the current mortgage crisis and protect borrowers from lending abuses that can ...

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Administration Proposes Freezing Some Subprime Loans at Current Rates

2007-12-04T00:00:00Z

Barney Frank , D-Mass., chairman of the House Financial Services Committee, pushed a broad mortgage bill ( HR 3915 ) through the chamber last month. ...

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Payments to brokers don't always involve 'steering'

2007-12-03T00:00:00Z

The Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915) is now winding its way through Congress. According to the bill's sponsor, Rep. ...

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Payments to loan brokers don't always involve 'steering'

2007-12-01T00:00:00Z

The Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915) is now working its way through Congress. According to the bill's sponsor, Rep. ...

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US House of Representatives Passes Flawed, Inadequate Bill to ...

2007-11-30T00:00:00Z

... the Chairman of the House Financial Services Committee, along with Congressmen Brad Miller (NC) and Mel Watt (NC) introduced legislation (HR 3915) ...

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A Return to Vanilla

2007-11-29T00:00:00Z

The House of Representatives recently passed HR 3915, the "Mortgage Reform and Anti-Predatory Lending Act of 2007." The bill is designed to require lenders ...

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California Tenants Displaced by Foreclosures - Nov 27

2007-11-27T00:00:00Z

Brad Miller (D-NC), Mel Watt (D-NC) and Barney Frank (D-MA) introduced HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. ...

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It's a return to the good ol' 30-year fixed-rate mortgage

2007-11-25T00:00:00Z

Sure enough, less than a week after mcquiggan delivered his warning, Frank and a pair of fellow Democrats introduced HR 3915, the "Mortgage Reform and ...

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Government's role in making homebuying less stressful

2007-11-21T00:00:00Z

According to The Associated Press, HR 3915 would, in part: • "Ban lenders from making loans that borrowers don't have the ability to repay. ...

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Mortgage Reform and Anti-predatory Lending Act of 2007 HR 3915

2007-11-20T00:00:00Z

Politicians are eager to make sure that they are not the candidate on record who voted against the mortgage reform bill HR 3915. The LA Times, NY Times and ...

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An Open Letter in Opposition to the Mortgage Reform and Anti ...

2007-11-19T00:00:00Z

STUART, FL - The Mortgage Reform and Anti-Predatory Lending Act (HR 3915) was passed in the US House of Representatives by a vote of 291-127. ...

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Foreclosures hit home

2007-11-18T00:00:00Z

HR 3915 would require any mortgage lender to verify that the borrower has a "reasonable ability to repay" the loan based on documented income, ...

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House mortgage bill offers no relief

2007-11-17T00:00:00Z

If anything like HR 3915 eventually becomes law, mortgage lenders will have to add to their expertise a new set of skills: fortune telling. ...

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House votes to tie Iraq funds to pullout

2007-11-17T00:00:00Z

15 sent the Senate a bill (HR 3915) to crack down on easy-credit practices that have devastated segments of the US housing market. ...

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MBA: Not Happy About House Bill’s Passage

2007-11-16T00:00:00Z

The controversial house reform bill, HR 3915, passed the US House of Representatives Thursday with a vote of 291-127. Otherwise known as the Mortgage Loan ...

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House Passes Mortgage Reform Legislation []

2007-11-16T00:00:00Z

The bill, HR 3915, is titled “The Mortgage Reform and Anti-Predatory Lending Act of 2007.” The purpose of the legislation is to “establish a national ...

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House bill would toughen lending rules

2007-11-16T00:00:00Z

... the administration said in a statement. The bill, HR 3915, passed 291-127. It now goes to the Senate, where a similar bill has been stalled for weeks.

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Reid Ditches Pay-Go Rule For AMT Patch []

2007-11-16T00:00:00Z

The bill, HR 3915, is titled “The Mortgage Reform and Anti-Predatory Lending Act of 2007.” The purpose of the legislation is to “establish a national ...

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Coalition of Consumer and Anti-Poverty Groups Opposes Predatory ...

2007-11-16T00:00:00Z

The group is urging lawmakers to defeat HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, scheduled for a vote today in the US House of ...

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Working Americans Will Continue to Lose Homes

2007-11-15T00:00:00Z

15 /prnewswire-usnewswire/ -- Today the US House of Representatives will vote on the HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. ...

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• Consumer, Poverty Groups Oppose Predatory Mortgage Bill

2007-11-15T00:00:00Z

The group is urging lawmakers to defeat HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007 when it comes up for a vote in the US House of ...

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Pelosi: Mortgage Bill Brings Needed Reform to Prevent Unfair ...

2007-11-15T00:00:00Z

15 /prnewswire-usnewswire/ -- Speaker Nancy Pelosi issued the following statement today on House passage of HR 3915, the Mortgage Reform and Anti-Predatory ...

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Tubbs Jones Releases Statement in Support of Mortgage Reform, Anti ...

2007-11-15T00:00:00Z

"I am pleased that HR 3915 incorporates language from my bill, the Predatory Lending Practices Reduction Act, establishing a Nationwide Mortgage Licensing ...

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Proposed Mortgage Lending Reform Bill Ignites Firestorm of ...

2007-11-14T00:00:00Z

"I am actually surprised that so many parts of the bill made it past this stage, but I also believe that many parts of HR 3915 are needed," says Dave ...

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House Mortgage Regulation Bill Aims to Respond to Market Meltdown

2007-11-14T00:00:00Z

The bill ( HR 3915 ) would bring mortgage brokers — currently regulated on a state-by-state basis — under a nationwide licensing registry, establish minimum ...

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A new loan scheme

2007-11-14T00:00:00Z

The proposal in question is HR 3915 -- the "Mortgage Reform and Anti-Predatory Lending Act of 2007." The bill is co-sponsored by North Carolina Reps. ...

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Does The Mortgage Meltdown Impact The Rich?

2007-11-12T00:00:00Z

Will efforts such as HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007 be enacted? If not, the alternative is more of what we have seen to ...

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Up for Debate This Week: Mortgage Reform and Education

2007-11-12T00:00:00Z

This week the House will debate HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. It would amend the Truth in Lending Act to reform ...

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Bill would solve many mortgage ills

2007-11-11T00:00:00Z

The bill, HR 3915, is known as the Mortgage Reform and Anti-Predatory Lending Act of 2007 and was recently introduced by Barney Frank, D-Mass., ...

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Max Huffman and Brian Hooper

2007-11-09T00:00:00Z

Instead of telling would-be borrowers the cost of credit and letting them do the math, HR 3915 requires lenders to verify borrowers’ abilities to repay the ...

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Mortgage brokers fear 'extinction' if new bill passes

2007-11-08T00:00:00Z

The bill, HR 3915, is known as the Mortgage Reform and Anti-Predatory Lending Act of 2007 and was recently introduced by House Financial Services Committee ...

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Anti-Predatory Lending Act Discriminates Against Small Business Owners

2007-11-08T00:00:00Z

Self-employed borrowers will be hurt the most should Senate Democrats have their way with the proposed bill HR 3915. In an attempt to protect citizens from ...

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Anti-predatory-lending bill passes US House committee

2007-11-08T00:00:00Z

The legislation, HR 3915, would establish a national mortgage licensing system and registry for mortgage brokers and bank employees who originate mortgages; ...

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Housing Bubble and Real Estate Market Tracker

2007-11-08T00:00:00Z

The US House of Representatives is considering a bill (HR 3915) that will fundamentally change the way we are paid, outlaw YSP, and legislate underwriting ...

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Mortgage brokers fear 'extinction' if new bill passes

2007-11-07T00:00:00Z

The bill, HR 3915, is known as the Mortgage Reform and Anti-Predatory Lending Act of 2007 and was recently introduced by House Financial Services Committee ...

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HR9315 passesto Full House For Consideration

2007-11-07T00:00:00Z

... to the current subprime situation, there is nothing in HR 3915 to address either fiscally or legislatively the current fallout from those practices. ...

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House Committee Passes Mortgage Reform Bill

2007-11-07T00:00:00Z

The committee passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915) 45-19 after a daylong, often contentious hearing that included ...

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HR 3915 Addresses Many Aspects of Predatory and Other Mortgage Lending

2007-11-05T00:00:00Z

HR 3915 is expected to be voted on by the House Financial Services Committee on Tuesday, November 6. Favoring the bill are consumer groups such as the ...

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United States: Subprime Mortgage Crisis: Congressional Developments

2007-11-05T00:00:00Z

... on Financial Services of the House of Representatives and co-sponsors introduced the Mortgage Reform and Anti-Predatory Lending Act of 2007, HR 3915. ...

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Homeowner Associations - a safe haven for crimes and racketeering

2007-11-02T00:00:00Z

... basic protections to mortgage consumers and investors (HR 3915 - "The Mortgage Reform and Anti-Predatory Lending Act of 2007") were a small step. ...

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Congress Moves to Reform Mortgage Industry

2007-10-29T00:00:00Z

"If HR 3915 becomes law, some people will be locked out of the mortgage market, many of whom would have been successful homeowners," said the Mortgage ...

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Joint Statement by Consumer, Civil Rights, and Advocacy Groups Re ...

2007-10-25T00:00:00Z

WASHINGTON, Oct. 24 /prnewswire-usnewswire/ -- "We commend Chairman Frank and Representatives Watt and Miller for taking the lead in addressing the ...

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Industry, consumer groups critique anti-predatory-lending bill

2007-10-25T00:00:00Z

HR 3915, introduced by House Democrats Monday, would allow individual borrowers to sue companies that securitize loans for sale on the secondary market when ...

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Dems: Foreclosure losses could top $100 billion

2007-10-25T00:00:00Z

House Democrats on Monday introduced an anti-predatory-lending bill, HR 3915, that would require licensing of all mortgage originators and set new minimum ...

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NAMB Asks Barney Frank to Temper Parts of Proposed Legislation

2007-10-24T00:00:00Z

The National Association of Mortgage Brokers (NAMB) addressed Representaive Barney Frank's (D-MA) new anti-predatory lending legislation (HR 3915) with both ...

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Congressman Frank Introduces Anti-Predatory Lending Bill

2007-10-22T00:00:00Z

If passed, Frank's bill (HR 3915) would “establish a federal duty of care, prohibit steering, and call for licensing and registration of mortgage ...

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