Keeping Lenders Honest
By Anthony Garritano
Was dishonesty a root cause of the current mortgage crisis? Washington thinks so. And to stop it from happening again new regulation is coming fast and furious. While this may seem like a recent development, actually the onslaught on new regulation around Truth-in-Lending started with the prior administration, when Title V of the omnibus Housing and Economic Recovery Act legislations was passed by Congress and signed into law by President Bush in July 2008.
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