All Posts Tagged With: "Home Ownership and Equity Protection Act"
Mortgages & The Unnecessary Crisis
July 14, 2008 should be remembered as a notable date in the long history of mortgage lending. The federal government gingerly stuck its regulatory foot into the warm waters of consumer advocacy and for the first time enacted rules which would protect borrowers. Not all borrowers, of course, and nothing that would materially disturb the [...]
31Dec2008 | Peter G. Miller | 0 comments | Continued
Raising Loan Standards To Protect The Public
The Federal Reserve wants to give the poor, illiterate, elderly, and gullible a better shot at reasonable home equity financing at reasonable cost, a proposal opposed by the banking community. With the growing outcry against predatory lending and with massive annual profits, you would think that the banking lobby would let this one slide — [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
What To Do About Predatory Loans
Predatory loans are the new horror of mortgage lending, a subject getting much attention in the media and with good reason. In general terms predatory loans can be seen as financing which the borrower does not understand, cannot repay, or includes terms so onerous even loan sharks would be embarrassed. Such loans harm consumers, generate [...]
6Sep2008 | Peter G. Miller | 0 comments | Continued
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