Industry Groups Support Same High-Cost Index for HMDA, HOEPA
September 8, 2008
Five industry trade groups, representing virtually all mortgage lenders, have asked the Federal Reserve Board to make the index that triggers “high-cost loan” reporting under the Home Mortgage Disclosure Act the same as in the recently revised rules for the Home Ownership and Equity Protection Act. In a joint letter, the Mortgage Bankers Association, Consumer Mortgage Coalition...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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