Rep. Miller: Mortgage Reform and Anti-Predatory Lending Act

Rep. Miller: Mortgage Reform and Anti-Predatory Lending Act. Rep Levin's Statement on Mortgage Forgiveness Debt Relief

Rep. Miller: Mortgage Reform and Anti-Predatory Lending Act video duration 4 Minute(s) 26 Second(s), published by Nancy Pelosi on 15 11 2007 - 18:14:10.

The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007
The bill is aimed at curbing predatory lending, which has been a major factor The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007
The bill is aimed at curbing predatory lending, which has been a major factor .

RSC Chairman Jeb Hensarling appeared on CNN's Issue #1 on April 23 to discuss the mortgage market and Rep
Barney Frank's bill that would use taxpayer "Miller speaks out on behalf of middle class homeowners in a House Committee on Financial Services hearing on 'Possible Responses to Rising Mortgage December 18, 2007 - Congressman Sander Levin (MI-12) speaks on the floor of the United States House of Representatives in support of the Mortgage .

The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007. The bill is aimed at curbing predatory lending, which has been a major factor in the highest home foreclosure rate in the nation in at least 25 years. A key element of the legislation ensures that lenders will be responsible for underwriting loans that consumers have a reasonable ability to repay while prohibiting practices that increase the risk of foreclosure for consumers. The bill also mandates that all mortgage lenders are licensed and registered under state or federal law. The legislation also protects consumers from being steered into loans that aren't in their best interest, and if they refinance there must be a tangible benefit to the consumer. Sponsor Brad Miller speaks in favor.