Industry NewsMortgage

Financial reform bill moves forward

Lenders don't like 'skin in the game' requirement
Published on Mar 23, 2010

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by CareyBot

Legislation in play in the Senate would create a Consumer Financial Protection Bureau within the Federal Reserve that would take over the enforcement of two major laws governing real estate professionals and mortgage lenders -- the Real Estate Settlement Procedures Act (RESPA) and the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE).

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