U.S. Congress - Blog Articles for H.R.3915 Mortgage Reform and Anti-Predatory Lending Act of 2007
H.R.3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007
To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes. view all titles (6)
All Bill Titles
- Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as reported to house.
- Official: To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes. as introduced.
- Short: Expand and Preserve Home Ownership Through Counseling Act as passed house.
- Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as introduced.
- Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as passed house.
- Short: Expand and Preserve Home Ownership Through Counseling Act as reported to house.
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HR 3915 Mortgage Reform Legislation
According to my most recent rate sheet with a good credit score borrower I could make close to 3 points Yield Spread and give the borrower an interest rate of 6.75% on a 30 year Fannie Mae fixe...
My email from Congressman Dave Reichert on HR 3915
As you know, Representative Brad Miller (D-NC) introduced the Mortgage Refomr and Anti-Predatory Lending Act (HR 3915) on October 22, 2007, to create a nationwide licensing system for mortgage brokers similar to our existing system of ...
Congress Hears Testimony on the Mortgage Reform and Anti-Predatory ...
The House Financial Service Committee, which is currently considering the Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915), recently heard testimony from the American Bankers Association and America's Community Bankers ...
Rep. Green Fights to Strengthen Consumer Protections and Better ...
Al Green, D-Texas (9th CD), issued the following news release: The House of Representatives, yesterday, passed HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. This bill responds to the subprime mortgage crisis by ...
Congress Hears Testimony on the Mortgage Reform and Anti-Predatory ...
The House Financial Service Committee, which is currently considering the Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915), recently heard testimony from the American Bankers Association and Americaâs Community Bankers ...
I Guess Mortgage Brokers and Originators are Just Evil
The Senate Banking Committee has not yet scheduled a hearing for HR 3915, the anti-predatory lending bill recently passed by the House (reported in the November 16, 2007 issue of InfoBytes). For the Banking Committee press release, ...
House bill targeting payments to brokers unenforceable
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. 15, is to prevent YSP abuse. Will it? The first version of the bill that I looked at ...
HR 3915 Mortgage Reform Legislation
The bill that is going around now is HR 3915, and Senator Christopher Doddâs mortgage reform legislation. There are several things that have been mentioned in these bills that will greatly hurt many borrowers, and others that are ...
Senate mortgage reform bill out
14, 2007 - A Senate counterpart to the House-passed HR 3915 was introduced late Wednesday by Senate Majority Leader Harry Reid, D-Nev., on behalf of Senate Banking Chairman Chris Dodd, D-Conn., and a dozen more panel members. (moreâ¦)
HR 3915 - so???
Subject: HR 3915 - so??? Posted: Sat Dec 15, 2007 5:44 am (GMT 0) Topic Replies: 0 So what happened? I heard that this passed, and we still can receive ysp..but what does it prevent? Does it still ban stated income loans? ...
Dodd Takes A Crack At Fixing The Mortgage Crisis
This Act is very similar to HR 3915, The Mortgage Reform and Anti-Predatory Lending Act of 2007, including the prohibition on yeild spread premiums ("YSPs") for certain loans - unfortunately, that restriction was dropped from HR 3915. ...
Mortgage industry facing dramatic changes
And while the House bill, HR 3915, would create a national registration system for all mortgage originators requiring background checks, fingerprinting, education and testing, Doddâs Senate bill includes no such provision. ...
Congress Is Making It Harder to Obtain or Refinance a Mortgage.--
... neighborhoods and to avoid redlining. This effort worked--only too well. Now Congress has discovered "predatory lending." Jack Guttenberg (on Yahoo and in the Washington Post) has been criticizing Congress's efforts (HR 3915 the ...
Adjustable county hall mortgage rate
âWe are dealing with legislation that ... HR 3915, the âThe Mortgage Reform and Anti-Predatory Lending Act of 2007â will establish a national standard to rein in the abusive l... ...
Senator Dodd introduces Anti-predatory Lending Bill
Last month the House of Representatives passed HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007 by a vote of 291 to 127. Now Senate Banking Committee Chair, Chris Dodd, has introduced a companion bill on the Senate ...
Will 'Blemished Borrowers be Blindsided by Congress ?
As if that isn't bad enough, The Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915), now winding its way through Congress, would worsen their plight. That is not the intention, of course, but the law of unintended ...
My letter from Congressman Jim McDermott
Accordingly, the US House of Representatives recently passed HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. I voted for this legislation, which institutes a number of important steps to stop lending abuse, ...
FANNIE MAE & FREDDIE MAC INCREASE FEES.
HR-3915 also known as the Mortgage Reform and Anti-Predatory Act of 2007 most likely will be enacted in 2008. May be we should change the name. This bill includes a Minimum Standard for Mortgages, something that is not really easy to ...
Will Blemished Borrowers Be Blindsided by Congress?
As if that isn't bad enough, The Mortgage Reform and Anti-Predatory Lending Act of 2007 (HR 3915), now winding its way through Congress, would worsen their plight. That is not the intention, of course, but the law of unintended ...
Legistlative Update
Yesterday HR 3915 went to the floor of the House for final debate and vote. The House passed the bill by a vote of 291 - 127. The bill now goes to the Senate. Wherever you have planted your profession within the housing industry, ...
Yield spread premiums: misunderstood?
In Part 2, having established that yield spread premiums are not necessarily a bad thing, Guttentag questions whether HR 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, will prevent incentives for abuse. ...
Real Estate NEWS
is bill HR 3915 also known as the Mortgage Reform and Anti-Predatory Lending Act of 2007. (Typically, congressional bills, have these lofty titles that make them sound like something that no right-thinking person would object to). ...
Rudy On Leadership, the GWOT, Healthcare and More
If freezing rates means halting action on such things as HR 3915, then while it is still not a good idea it might be better than the alternative. He was asked how he would confront the mortgage crisis, and this he answered perfectly. ...
Google Alert - H
On November 15, the US House of Representatives passed HR 3915, known as the Mortgage Reform and Anti-predatory Lending Act of 2007, mainly along party lines. Led by Barney Frank, the impetus for this legislation was the disastrous . ...
Rep Frank Mortgage Reform and Anti Predatory Lending Act
HR 3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007 ⦠Many Aspects of Predatory and Other Mortgage Lending ⦠Truth in Lending Act (15 USC 1602), Title I deals with mortgage origination ⦠HR 3915 Mortgage Reform Resources? ...
Rep Ellison Mortgage Reform and Anti Predatory Lending Act
Today the House will debate the Mortgage Reform and Anti-Predatory Lending Act of 2007, HR 3915 , sponsored by Rep. ⦠Rep. Ellison: ?No doubt, the American dream has ⦠HR 3915: Mortgage Reform and Anti-Predatory Lending Act of 2007 ⦠...
Loan Originators
Loan Officer HR 3915, the âThe Mortgage Reform and Anti-Predatory Lending Act of 2007â will create a licensing system for residential mortgage loan originators, establish a minimum standard requiring that borrowers have a reasonable ...
Relief in Sight for Forecloures?
The bill, HR 3915, will reform mortgage practices in three areas. The bill will establish a federal duty of care, prohibit steering, and call for licensing and registration of mortgage originators, including brokers and bank loan ...
How To Get Your Industry Regulated, in 6 Easy Lessons
HR 3915 makes lenders more responsible for assessing borrowersâ ability to pay. Listening to the industry, youâd think this is the death of civilization. (âWhat!? I lend a guy money and he doesnât payâthen sues me because I lent hi
HR 3915: Mortgage Reform and Anti-Predatory Lending Act of 2007, a ...
This is the scenario that legislators walked into this year, which has resulted in HR 3915. People, for better or worse, are looking to the government to bail them out and help them. What's worse is that the investor-minds who devised ...
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