H.R. 1728 Creates More Liability Risk for Assignees Than Previous Anti-PL Legislation, Expert Says
April 3, 2009
New anti-predatory lending legislation introduced on Capitol Hill would create more liability for mortgage securitizers than a previous bill approved by the House in 2007, according to a top compliance expert. The increased uncertainty as to whether or not a particular mortgage is subject to H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, would...