Latest Personal Loan Offers: Federal rules go into effect this week to cap the pay of mortgage brokers — people who connect borrowers and lenders — in a move that has industry groups howling and consumer advocates smiling. The question is whether there will be unintended ripples that could squeeze first-time home buyers with limited [...]
Posts Tagged ‘mortgage brokers’
U.S. seek new rules for nonbank lenders
December 7th, 2010
davidguide The Obama administration on Monday introduced a proposal that would require thousands of independent mortgage lenders and mortgage brokers not affiliated with banks to file reports to the Treasury Department when fraud or money-laundering schemes are suspected. View full post on All Stories
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