|By Marketwired .||
|June 9, 2014 02:12 PM EDT||
WASHINGTON, DC--(Marketwired - June 09, 2014) - Today, the House of Representatives will vote on the so-called "Mortgage Choice Act" -- a bill that would threaten the safety of home loans and leave consumers vulnerable to excessive fees. These fees, according to the Center for Responsible Lending, would upset the careful balance struck by the Consumer Financial Protection Bureau in creating the new mortgage rules designed to protect consumers from the irresponsible lending practices that contributed to the recent housing crisis.
"It's deeply concerning how quickly we forget the devastating impact that abusive lending practices had on the housing market and the larger economy," said Kenneth W. Edwards, Vice President of Federal Affairs at the Center for Responsible Lending. "Countless houses lost, innumerable families affected -- and after a long, hard-fought battle to pass the necessary reforms to protect our homes, we find ourselves here again."
The Mortgage Choice Act of 2013 would amend the mortgage rules established by the Consumer Financial Protection Bureau as directed by the Wall Street reform and Consumer Protection Act. Specifically, the bill would allow the fees from affiliated title companies to be exempt from the fee limits in the definition of a Qualified Mortgage.
About the Center for Responsible Lending: The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation's largest community development financial institutions.
For more information:
Jul. 26, 2016 11:30 PM EDT Reads: 1,731
Jul. 26, 2016 11:00 PM EDT Reads: 2,553
Jul. 26, 2016 11:00 PM EDT Reads: 1,997
Jul. 26, 2016 10:45 PM EDT Reads: 1,086
Jul. 26, 2016 10:45 PM EDT Reads: 1,355
Jul. 26, 2016 10:30 PM EDT Reads: 1,358
Jul. 26, 2016 10:15 PM EDT Reads: 1,979
Jul. 26, 2016 09:00 PM EDT Reads: 2,030
Jul. 26, 2016 08:30 PM EDT Reads: 2,132
Jul. 26, 2016 08:00 PM EDT Reads: 314
Jul. 26, 2016 07:15 PM EDT Reads: 1,931
Jul. 26, 2016 07:00 PM EDT Reads: 1,797
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Jul. 26, 2016 06:30 PM EDT Reads: 797
Jul. 26, 2016 06:30 PM EDT Reads: 2,121
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 26, 2016 05:45 PM EDT Reads: 1,826