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Articles tagged with: mortgage lending

Consumer Action Summary of the Dodd-Frank Act
September 23, 2010 – 9:41 am

Below, read a summary of the Dodd-Frank law from AFR member Consumer Action.
The landmark federal financial reform legislation (the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) was designed to strengthen consumer protection …

CRL Summary of CFPB Provisions
September 17, 2010 – 10:42 am

The Center for Responsible Lending has produced a comprehensive bill summary of Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which focuses on the Consumer Financial Protection Bureau.
Click here for a …

No More Kickbacks: New Rules Block Incentives to Rip Off Borrowers on Mortgages
August 18, 2010 – 9:39 am

Full implementation of the Dodd/Frank financial reform bill will create a dramatically fairer mortgage market

Washington, DC – Until now it has been standard practice for many brokers and lenders to get kickbacks for putting …

Mortgage and Foreclosure Issues in Financial Reform Conference
June 9, 2010 – 8:31 am

The Honorable Christopher Dodd
Chairman
Senate Committee on Banking, Housing and Urban Affairs
Washington, DC 20510
The Honorable Barney Frank
Chairman
House Committee on Financial Services
Washington, DC 20515
RE:  Mortgage and Foreclosure Issues in Financial Reform Conference
Dear Chairman Dodd and Chairman Frank:
Thank …

President Obama Refocuses on Foreclosure Prevention
March 5, 2010 – 11:15 am

A recent editorial in the New York Times talked about new steps that President Obama has authorized to deal with the needs of homeowners dealing with foreclosures, especially unemployed homeowners and those with underwater mortgages.  …

From Foreclosure to Redlining: How America’s Largest Financial Institutions Devastated California Communities
February 8, 2010 – 1:20 pm

The California Reinvestment Coalition released this report (PDF) about subprime lending to communities of color in California.  Here are their key findings:
Lenders saturated California neighborhoods with high-cost and predatory loans:

In 2006, in each city, lenders …