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Fed tightens up lending rules

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Workbox

Elite Member
Joined
Mar 2, 2005
Professional Status
Certified Residential Appraiser
State
Colorado
Who's going to enforce it? Is their a MFWL hotline number?
 

Mike Phillips

Senior Member
Joined
Dec 16, 2004
Professional Status
Certified Residential Appraiser
State
Florida
Dodd and Frank are right on the money.
 

Alison Swain

Senior Member
Joined
Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
How are we to report it and how will it be enforced? How stiff are they willing to make the penalties so that MB's and LO's get the message that the powers that be are serious and that there will be a huge price to pay for violations? :shrug:


MB's have proven to me time and again over the past 6 years that they care nil about what's right IF they have no skin in the game.
 
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