Archive for the ‘Regulation Z’ Category
Thursday, July 17th, 2008
On Monday, Fed Chairman "Big Ben" Bernanke announced that the Board had approved a final rule to amend Regulation Z (Truth in Lending). In a prepared statement, Bernanke announced that the changes are "intended to protect consumers from unfair or deceptive acts and practices in mortgage lending, while keeping credit ...
Posted in Housing Options, Mortgage Laws, Regulation Z, Transparency | 1 Comment »
Wednesday, February 13th, 2008
The Board of Governors of the Federal Reserve System Board propose to increase rate transparency to consumers by restricting creditor payments to mortgage brokers, in the form of yield spread premium, to an amount that is previously disclosed and agreed upon by the consumer. In layman's terms, yield spread premium ...
Posted in Mortgage Costs, Mortgage Laws, RateWindow, Regulation Z, Transparency | No Comments »
