Name: Kanjorski Introduces Servicing, Appraisal Reform Bill, Calls for Mandatory Escrow of Taxes, Insurance in Subprime
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House Democrats introduced legislation this week reforming mortgage servicing and curbing abusive and deceptive practices related to servicing and appraisals, especially in the subprime mortgage market. Rep. Paul Kanjorski, D-PA, chairman of the House Financial...