Industry NewsMortgage

Dems target incentives for loan originators

Predatory lending bill would require lenders to share risk on some loans
Published on Mar 27, 2009

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by CareyBot

House Democrats have introduced legislation that supporters say would remove incentives for mortgage brokers to place borrowers in higher-cost loans, and require lenders to retain some exposure to riskier loans that are securitized and sold to secondary market investors.

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