TITLE

Help borrowers in good times and bad

PUB. DATE
May 2006
SOURCE
Mortgage Strategy;5/15/2006, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article comments on the way lenders are handling repossessions in Great Britain. Labor MP George Mudie is calling for a bill to protect consumers who are unable to meet their mortgage repayments when their circumstances change. It would be easy to dismiss his concerns because with repossessions they still at low levels and not a major problems. The article suggests that best practice for good brokers should mean returning to clients and ensuring they are well looked after in bad and good times.
ACCESSION #
20952317

 

Related Articles

  • MP calls for repossession actions to be regulated. Atkinson, Rebecca // Mortgage Strategy;5/15/2006, p5 

    The article reports that George Mudie, Members for Parliament for Leeds East, is calling for a bill to protect consumers who are unable to meet their mortgage repayments when their circumstances change in Great Britain. Mudie criticizes the Council of Mortgage Lenders as being complacent for...

  • Five steps to scoring a home.  // Money (Australia Edition);Mar2003, p57 

    Presents guidelines on how to apply for a home loan. Requirement of government legislation for all lenders to obtain identification before they open any new bank accounts; Personal facts which lenders need to know before giving a loan; List of most common fees and charges to expect.

  • LENDERS GET O.K. FOR FAXING RATES.  // National Mortgage News;7/11/2005, Vol. 29 Issue 41, p3 

    Reports on the passage of a bill by the U.S. Congress that allows mortgage lenders to continue to fax rate sheets without getting prior permission from mortgage brokers.

  • Labour MP calls for repo crackdown on lenders. McMillan, Paul // Money Marketing;5/18/2006, p20 

    The article reports on the demand for a better regulation of repossessions in protecting consumers by a labor member of Parliament (MP) in Great Britain. George Mudie, MP for Leeds East expressed, that the current growth in repossessions with the questionable and arbitrary behavior of lenders...

  • Frank prepares bill to curb predatory mortgage lending. Holzer, Jessica // Hill;9/5/2007, Vol. 14 Issue 100, p20 

    The article reports on Representative Barney Frank's plan to author a bill that protects consumer from abuses of loan servicing in the U.S. Frank noticed that there is a growth of mortgage defaults and the law will tighten consumer protection. According to Allen Fishnein, director of housing and...

  • VA Loan Limit Hike Gets Congress' O.K.  // National Mortgage News;12/31/2001, Vol. 26 Issue 14, p18 

    Reports the approval of a measure increasing the home loan guaranty limit of the Department of Veterans Affairs (VA) in Washington. Range on the guaranty limit of VA; Submission of the bill to the White House for the signature of the Us President George W. Bush.

  • Simplified Downpayment Bill Signed.  // National Mortgage News;12/9/2002, Vol. 27 Issue 12, p2 

    Reports the approval of the bill simplifying the downpayment calculation for Federal Housing Administration single-family loans in the U.S.

  • Georgia and Beyond. Lotstein, Robert S.; Shaw, Stephanie L. // Mortgage Banking;Sep2002, Vol. 62 Issue 12, p30 

    Focuses on the legislation regulating predatory lending in the U.S. Concept of a high-cost home loans; Provisions of House Bill 1361; Thresholds for predatory loans.

  • Industry Rallies Against Proposed New York Reg. Venetis, Kyriaki // National Mortgage News;4/1/2002, Vol. 26 Issue 27, p14 

    Reports the opposition to the Senate Bill 5005, a regulation on high-cost mortgage loans in New York. Restrictions in the practice of financing points and fees; Negative consequence on the availability of subprime credit; Necessity of amendments to the regulation from residual income to...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics