Problems Surrounding the Mortgage Origination Process

Problems Surrounding the Mortgage Origination Process

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Senate hearings on the Federal laws regarding buying a house. Witnesses: Janice Hix, Nat. Assoc. of Mortgage Brokers; Ron McCord, Amer. Mortgage a Investment Co. for the Mortgage Bankers Assoc. of Amer.; Russell Booth, Nat. Assoc. of Realtors; Joseph Parker, Jr., Parker Title Insurance Agency, Inc., for the Amer. Land Title Assoc.; Margot Saunders, Nat. Consumer Law Center; Michelle Meier, Consumers Union; Laurence Meyer a Griffith Garwood, member, Board of Governors of the Fed. Reserve System, a Nicolas Retsinas, U.S. Dept. of Housing a Urban Development, accompanied by Sarah Rosen.Several commenters recommended that the payment schedule disclosure be modified to require only the monthly payment amount, ... Commenters also recommended improvements to the disclosures required for home equity lines of credit.

Title:Problems Surrounding the Mortgage Origination Process
Author:Lauch Faircloth, Connie Mack
Publisher:DIANE Publishing - 2000-07


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