Mortgage & Commercial Lending News.

Houston's premier blog for all things related to Commercial and Residential Hard Money Loans.

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High Cost VS Higher Priced

Posted by Jim Emerson

Jun 10, 2020 5:15:55 PM

 

In 2010, and in response to the financial crisis that we now know as the Great Recession, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The law places strict regulations on lenders and banks in an effort to protect consumers and prevent another all-out economic recession. It was this act that outlined a set of rules around higher priced vs. high cost mortgage rates.

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Topics: mortgage loans, home buyers, dodd frank, residential hard money loans, private money lender

Dodd Frank may be Good for Large Banks, but in our opinion, it affects Small Banks, Private Lenders AND Consumers negatively.

Posted by Jim Emerson

Dec 4, 2017 11:41:12 AM

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Topics: dodd frank, federal reserve system

   

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