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Close Topic OptionsMortgage Standards Reform Recommends Radical Changes
Mortgage Standards Reform Recommends Radical - Politics, Business, Civil, History - Posted: 14th Jul, 2011 - 1:13pm
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Real Estate Law
Post Date: 14th Jul, 2011 - 5:50am / Post ID: #
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Mortgage Standards Reform Recommends Radical Changes
Mortgage Standards Reform Recommends Radical Changes
Real Estate Issues and the Law
The Federal Reserve has called for a mortgage standards reform to counteract abuses taking place within the mortgage sector. If approved, the reform would demand banks employ an 8-point checklist to guarantee mortgagors can pay back the loan and would require a mandated 20 percent down payment requirement.
Source: Legal:Real-Estate-Law
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Changes Radical Recommends Reform Standards Mortgage
The government is taking her sweet time on mortgage standards. This crisis has been going on for years and they are still fiddling around with reform.
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TOPIC: Mortgage Standards Reform Recommends Radical Changes