Posts Tagged ‘mortgage’
Mortgage denials for Native Americans
In light of all the subprime lending mess, in which “No Doc loan” credit applications were often based on largely fictional income, and brokers and banks where playing all sorts of games to get people into high interest subprime loans, the Fargo Forum analysis of home loan applications for 2006 found that lenders denied one [...]
The proposed Regulation Z changes on mortgage lending
I haven’t had a chance to read through the changes the Federal Reserve Board is recommending for Reg Z. (The regulations for the Truth In Lending Act and Home Owner Equity Protection Act) but from the press release there are some good things. Lowering the HOEPA threshold for instance. But the real issue is not [...]
Will Wall Street come clean?
Where has the Fed been? This is a good example of why federal preemption of banking regulation or any regulation is such a bad idea.
We have a national problem causing havoc across America and we have to wait for Attorney General Andrew M. Cuomo of New York subpoenaed major Wall Street firms including Merrill Lynch, [...]
