Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! Message Board

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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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To: StockDung who wrote (4877)	11/16/2007 10:59:27 AM
From: ravenseye	of 5673

House clears mortgage industry reform bill Measure takes aim at predatory lending, sets new borrowing standards By Robert Schroeder, MarketWatch Last Update: 8:29 PM ET Nov 15, 2007 WASHINGTON (MarketWatch) -- In a response to the subprime lending meltdown, House lawmakers approved a sweeping bill on Thursday that would reform a host of mortgage industry practices.... marketwatch.com ...Under the amendment, state laws can't override a federal liability standard for securitizers. The bill enables securitizers to be held liable if they finance loans that don't meet minimum requirements....

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