All Posts Tagged With: "consumer"
New Mortgage Loan Protections Outlined in Wall Street Reform
The House Financial Services Committee has released a summary of the major changes included in the Wall Street Reform and Consumer Protection Act. These are items which have been accepted by a conference committee of the House and Senate. If the conference report is passed by both houses, the measure will then go to the [...]
27Jun2010 | Peter G. Miller | 0 comments | Continued
Appraisal Worries Really About The Future
Tim writes and points to a number of problems he sees with the Home Valuation Code of Conduct (HVCC). Fair enough. Let’s look at what he offers:
>>>Instead of a majority of valuation assignments going to appraisal managment companies we now have virtually ALL assignments being controlled by these joint venture arrangments. Notice how the market [...]
Should Borrowers Be Represented In Washington?
There are so many lobbyists in Washington that you can hardly find a parking space. It’s great to have competing interests, but one interest with no real or effective representation are those who borrow.
We have lobbyists for real estate brokers, mortgage bankers, mortgage brokers and banks, but name the organization that represents you? Where are [...]
The “Consumer” Protection Panel That Isn’t
It was with some fanfare that the Federal Reserve announced that it would create a Consumer Advisory Council to provide advice regarding issues from a public perspective.
Now you might think, aha, a Consumer Advisory Council…wouldn’t that be a panel which consists largely or entirely of, er, well, consumers?
You might think so, but the Federal Reserve [...]
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