New Mortgage Rules?
August 18th, 2010 by The Property Lover 
239 Comments The Property Lover Presents…News from TOMLASVEGAS
Tom Las Vegas
The U.S. Federal Reserve on Monday published a long list of rules outlining new requirements that will govern compensation to mortgage professionals and disclosures to borrowers regarding their home loans.
Among the new regulations are a ban on controversial yield spread premiums, and a stipulation that requires lenders to provide borrowers with a payment table, which includes a “worst case” scenario showing the maximum interest rate and mortgage payment they might see over the life of the loan.
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Tags: Las Vegas Mortgages, Vegas Home Loans
Posted under: Las Vegas Mortgage Corner, Las Vegas Real Estate News, News
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