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Dodd, Shelby eye competing plans for mortgage regs

0 Comments Published March 3rd, 2010 in News.

Senate Banking Committee Chairman Christopher Dodd has dropped plans for a separate, stand-alone agency to protect consumers against credit-card and mortgage fraud in a bid to restart stalled reform legislation.

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« Market Snapshot: U.S. stocks edge higher, end month with gains
Sovereign-crisis trades spark regulatory backlash »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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