Mortgage Lenders Under Congress Home Loan Search

Congress, the rescue of consumers to reform the mortgage lender to lead? Maybe. Democratic led Congress to pass legislation to strengthen measures to curb abusive mortgage industry includes not only mortgage, mortgage brokers, but clients have their mortgages on Wall Street, investors and security of other mortgages. If the restrictions are implemented by Congress in the future to protect consumer

rs against exploitation. However, there may be a side effect, because it can protect buyers of securities backed by mortgages. Recently, chaos has been on the market. Countrywide Financial, the second quarter was reduced to a fall in stock price during the week of 24 to 52 July 2007. Net income for the second quarter fell to $ 485. 1 million from $ 722, 200, 000 a year ago, with sales of 15% to 2.

550 million U. S. ?? This week, American Home Mortgage announced a major national mortgage lender that they are incapable of the current population of mortgages to finance more than $ 300 million, sending the share price decline of 90%. But the disaster also has implications for subprime lenders and evening borrowers. Wall Street suffers bankruptcies on the rise, the surplus of housing, subprime,

defaults, and more. However, Wall Street, with automakers and lenders in the preparation of this problem. Beazer, Casas one of the many customers who have initiated or participated in the construction financing for the purchase of their home. Now, however, complaints from owners who pay their mortgages, that some manufacturers inflate their income or change data on credit applications, the stage