The House of Representatives on Tuesday voted to kill President Barack Obama’s signature program to help struggling homeowners avoid foreclosure. A bill to terminate the program was approved on a 252-170 vote. But the bill is unlikely to clear the Senate. It was the last in series of four measures brought forward by newly empowered [...]
Entries Tagged as 'Mortgage Legislation'
House votes to kill main Obama foreclosure aid
March 30th, 2011 · No Comments
Tags: Government Bailout · Mortgage Legislation
Georgia Takes the Lead In Protecting Mortgage Consumers
March 4th, 2009 · No Comments
The Financial institutions; S.A.F.E. Mortgage Licensing Act of 2008 bill has just passed the Georgia State House that is aimed at protecting your house by reducing mortgage fraud. The plan requires that all mortgage lenders undergo a criminal background check. It also calls for more training for loan officers, and allows state lawmakers to investigate [...]
Tags: Mortgage Legislation · Mortgage Scams
Mortgage Modification for Freddie/Fannie Loans Are Demanded
September 12th, 2008 · No Comments
Fannie Mae and Freddie Mac may no longer be able to lobby, but consumer advocacy groups sure can — and they’re already pressing regulators and legislators to see Fannie and Freddie enact wide-scale loan modifications for troubled borrowers. Think FDIC and IndyMac, but on a much grander scale. Four U.S. Senators (Charles Schumer (D-NY), Robert [...]