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Tag: Barney-Frank
Mortgage Brokers and Loan Originators Should Support HR3915
Why am I not surprised that mortgage brokers are in a panic over HR3915, the Mortgage Reform and Anti-Predatory Lending Legislation? Back in January, Barney Frank gave everyone ample notice that he was committed to passing anti-predatory lending legislation before the end of 2007. Then the subprime meltdown began, setting a political stage for a [...]
Posted: November 9th, 2007 under General Real Estate.
Tags: Barney-Frank, HR3915, mortgage-broker-panic, Mortgage-Reform-and-Anti-Predatory-Lending-Legislation, support-for-HR3915
Comments: 129
Jumbo rates are greatly improving!
I couldn’t wait until Friday to share some good news with you: 30 year fixed Jumbo rates are available at 6.500% (APR 6.653%). :) This is priced at 1 origination/discount point for a 30 day lock and is a significant improvement over last week’s quoted rates.
Earlier this week, Congressman Barney Frank submitted a bill requesting [...]
Posted: October 18th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: Barney-Frank, conforming-loan-limits, fannie-mae, freddie-mac, interest-rates, jumbo, mortgage-rates
Comments: 31
Children, Can You Say “Suitability”
If Congressman Barney Frank has his way, all mortgage originators will have to utter those words in the back of their minds when considering loan options for their clients. Frank is not just any member of Congress, he happens to be the new chairman of the House of Financial Services Committee and his top priority [...]
Posted: February 2nd, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: Barney-Frank, congress, discrimination, iq, licensing, Mortgage and Lending, namb, option-arm, predatory, suitability
Comments: 17
To Catch a Predator
Syndicated Columnist Kenneth Harney will report in his column tomorrow morning that the new chairman of the House Financial Services Committee, U.S. Representative Barney Frank, a Democrat from Massachusetts, has made it clear that his top priority will be enacting nationwide mortgage lending standards to protect consumers from predatory lending.
I was recently asked by a [...]
Posted: January 27th, 2007 under General Real Estate.
Tags: Barney-Frank, Dateline-MSNBC, mortgage-bankers, mortgage-brokers, predatory-lending-legislation
Comments: 18
