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Friday, November 2, 2007

The Mortgage Reform and Anti-Predatory Lending Act of 2007

An important issue is happening right now regarding the mortgage industry and the restrictions on borrowers qualifying for home loans.If you are a loan officer or a mortgage originator, this new bill introduced, may affect the way you will get paid or cause extinction in the future. It will also limit the choices consumers have in finding a residential mortgage loan to strictly large financial institutions.

In attempts to start regulating our industry, restoring ethics and responsibility within the mortgage origination industry, The Mortgage Reform and Anit-Predatory Lending Act of 2007 has been established.

To view the Complete Bill (HR3915) go HERE

After reading this new bill, you can show your disagreement by signing the petition by going HERE

What are your thoughts about this new bill? and, will this new Bill affect YOU?

2 comments:

Shawn Lim said...

Wow, well, I'm from Malaysia, therefore this Bill is not really going to affect my life. Lolz

I've favourite you in Technorati. Great going~!

Best Regards
Shawn

AC Associates said...

Hello Shawn,
Thank you for visiting. Glad to hear this bill won't affect you. Others here may not be so lucky.

By adding me to your favorites is a great compliment. Thank you...

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