Wall Street Gets Some of Its Wishes in H.R. 1728, Though Liabilities, Some Uncertainties Remain
May 8, 2009
Despite dire warnings of doom and gloom, the House of Representatives approved mortgage reform and consumer protection legislation this week that incorporates some of Wall Street’s proposals for regulatory flexibility and less liability for secondary mortgage market participants. H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, passed the House by...