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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (4876)11/16/2007 10:59:55 AM
From: ravenseye  Respond to of 5673
 
The Associated Press November 15, 2007, 8:04PM ET
House mortgage bill faces tougher future
By ALAN ZIBEL
businessweek.com
...The American Bankers Association said it has "serious concerns" with the bill, arguing that it would add more regulations for banks.

The bill would ban lenders from making loans that borrowers can't repay, create a nationwide licensing system for mortgage brokers and make Wall Street banks that package mortgage securities into investments liable for violations of lending laws.
...