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Home » Store » News » OTS Weighing What to Do About Mortgage Parity Act

OTS Weighing What to Do About Mortgage Parity Act

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The Office of Thrift Supervision is weighing what stance it should take on the controversial Alternative Mortgage Transaction Parity Act. But regulators in Virginia may beat them to the punch: the Old Dominion has asked the Supreme Court to take a look at a prepayment penalty case involving subprime lenders that hinged on the issue of federal preemption.
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