Real Estate News with Terri Taydus, GRI, CNA

Stop "One Size Fits All" Mentality in Mortgage Lending

March 27th, 2011 8:29 PM by Taydus Taydus

STOP THE GOVERNMENT FROM FORCING MORTGAGE BROKERS/LENDERS INTO A "ONE SIZE FITS ALL" MENTALITY! As of 4/1/11, Mortgage brokers/lenders will have to decide how many points to charge and apply that number to EVERYONE! This is NOT good for the consumer - it eliminates competition! Please get involved - write your Senators, Congressmen, and Government Officials and stop this from happening!

http://tbwsdailyshow.com/2011/03/22/the-lo-compensation-fed-rule-scandal/

 

Posted by Taydus Taydus on March 27th, 2011 8:29 PM


The large banks have a huge say in the formulation of policy by the government and there goal is not to help the consumer but to make larger profits. By eliminating the competition they are doing just that. Less competition means higher prices and less choices tot he consumer.
Posted by Joe Taydus on March 27th, 2011 8:44 PM


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