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Home » Store » Taxable » Industry, Consumer Blocks Clash Over Bill Extending Liability to Purchasers, Assignees

Industry, Consumer Blocks Clash Over Bill Extending Liability to Purchasers, Assignees

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Legislation extending liability for a predatory mortgage loan to purchasers or assignees is being hotly debated in the New York legislature this week, prompting the mortgage financing industry to call for more lender support. Negotiations are underway between groups for or against A07828 to find some ways to ease the bill’s impact on the primary and secondary markets. Industry lawyers, however, are warning that
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