By Kevin Smith, Staff Writer
Article Launched: 08/07/2008 10:43:44 PM PDT
http://www.pasadenastarnews.com/business/ci_10131298
Consumers who have suffered because of home foreclosures will see some stability returned to the marketplace as a result of the housing stimulus bill – but more needs to be done, an industry group said Thursday.
Fred Arnold, president of the California Association of Mortgage Brokers, said his [...]
(From New York Times)
NEW YORK’S borrowers could notice a different tone in their discussions with mortgage brokers in coming months, as brokers adjust to a new state law that seeks to stem foreclosures.
The legislation, which was passed by the New York Legislature in June and is expected to be signed by Gov. David A. [...]
(From LATimes.com opinion article)
The state Assembly’s response to the sub-prime mortgage catastrophe experienced its own meltdown in the Senate Banking, Finance and Insurance Committee last week. In a twist on the cliche, only the weak bills survived. The most ambitious Assembly bill, AB 1830, was tamed in advance by sponsor Ted Lieu (D-Torrance) to answer [...]
SACRAMENTO — As the worst foreclosure crisis since the Great Depression drags down the California economy, the Legislature is making only limited progress this year on proposals for sweeping changes in the home mortgage industry.
Amid fanfare this winter, lawmakers held televised news conferences and introduced an unprecedented number of bills that would more heavily regulate [...]
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