Special Report on
Remarks on Predatory Lending
Remarks on Predatory Lending - Trends
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as it voted on a proposal that would ban mortgage brokers and loan officers from receiving bonuses for encouraging borrowers to take out loans with higher interest rates than they might qualify for.Â The bill also requires borrowers to provide proof of income sufficient to repay their mortgages. The Senate rejected an initiative that would require home buyers to provide a minimum 5 percent down payment for their mortgage loans.Â The votes were part of deliberations on a wider initiative that would overhaul Wall Street financial regulations.Â The goal of the reforms is to avoid a repeat of the crash of 2008. The Senate voted ...
THE PRESIDENT: Thank you, everybody. Thank you. (Applause.) Please have a seat. Have a seat. (Applause.) Well, thank you, Harry. Thanks for giving me a chance to get out of Washington. It’s very hot there. (Laughter.) It’s hot here, too, but there’s a little more humidity there. And I just love coming to Vegas. (Applause.) I love being here. I mentioned last night, I'm not the only one who loves it, because I noticed that, for some reason, Air Force One is more crowded when ... Read More
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REMARKS ON PREDATORY LENDING
How Mortgage Lending Became An "American Casino"
Howard Nassiri LLP, Predatory Lending