TITLE

Frank prepares bill to curb predatory mortgage lending

AUTHOR(S)
Holzer, Jessica
PUB. DATE
September 2007
SOURCE
Hill;9/5/2007, Vol. 14 Issue 100, p20
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
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 credit policy for the Consumer Federation of America, curbing predatory loans will not help people trapped in unaffordable mortgages but it can prevent another binge in risky lending.
ACCESSION #
26746006

 

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