Fed Clears Rule to Guard Against Deceptive Mortgages

209123 Resource 199230 199384 199384 1216213385175 1216669191572 Controlled Fed Clears Rule to Guard Against Deceptive Mortgages

Protecting Consumers

The Federal Reserve Board approved a final rule for home mortgage loans to better protect consumers and facilitate responsible lending.These revised rules were needed some time ago.  Compliance with the new rules, other than the escrow requirement, is mandatory for all applications received on or after <date year="2009" day="1" month="10" />October 1, 2009</date />.  The escrow requirement has an effective date of <date year="2010" day="1" month="4" />April 1, 2010</date /> for site-built homes, and <date year="2010" day="1" month="10" />October 1, 2010</date /> for manufactured homes.<a href="Federal%20Reserve%20Board%20Press%20Release">Click here</a> for The Federal Reserve Board Press Release<h1><a href="Highlights%20of%20Final%20Rule">Click here</a> for Highlights of Final Rule Amending Home Mortgage Provisions of Regulation Z <h1>See link below for the complete story</h1>"Great Homes @ Great Prices with Expert Guidance Along the Way" TMDon't Miss the Bus! TM© RepoHomeTourChicago.com - All Rights ReservedTrademark & Patent Pending<h1 /></h1> 9 application/xml false ben bernake deceptive lending fed chariman federal reserve board home mortgage disclosure regulation c regulation z truth in lending Fed Clears Rule to Guard Against Deceptive Mortgages Curb Deceptive Lending http://online.wsj.com/article/SB121604510884550897.html?mod=djemRealEstate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 2.0.50727; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 wdiehl 72.244.156.49 false true false false true 199303 false false true false false false true 199230 blog blogsite/RepoHomeTourChicago/web