Markup In Predatory Bill Expected

There might be a markup of a predatory lending bill in the House of Representatives next week, said Jeffrey Zeltzer, president of the National Home Equity Mortgage Association.It will be a North Carolina-like bill, he told attendees at the SourceMedia Subprime Symposium in Las Vegas, during a question and answer session on a panel on the secondary market. When questioned by the panel on when Congress is likely to pass the bill, Mr. Zeltzer said certainly not in 2006 but most likely in 2008.

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Originations Law and regulation
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