Industry News

Senator urges federal regulation of mortgage brokers

Initiative includes $300M in foreclosure prevention
Published on May 4, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A bill that would increase federal oversight of mortgage brokers and a separate proposal to provide $300 million to nonprofit groups that help troubled borrowers is the “first major legislation to deal with the subprime foreclosure crisis as a weakening ...