http://www.mortgagenewsdaily.com/4242008_Fed_Rate_Cut.aspExpectations for a pause in U.S. monetary policy were bolstered by an article in Thursday�s Wall Street Journal, where noted Fed watcher Greg Ip said, "The Federal Reserve is likely to cut its short-term interest rate by a quarter of a percentage pointenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/4242008_Fed_Rate_Cut.asp#14095Fri, 25 Apr 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:14095Douglas M. Thomson Sr.The FEDS need to put interest rate caps on all types of loan products. Lenders will never agree to lower interest rates until the FDS regulate the interest rates. For example the FEDS lend to Lenders @ 2% for Mortgage Loans. The lender that obtains these funds must comply with strick Mortgage Loan requirements. A cap of no more then 2% above the FED Rate would be fair on fixed rate mortgages and 2.5% on variable loans. No POINT FEES or Prepayment Penalties allowed on any mortgage loan. Since the FEDS will now lend for specified loan products. Citizens would automatically be protected under the new FED guidelines. If a Lender is found to have violated these strick lending requirements, several penalties and fines would be subjected to the lender. If the citizen has overpaid. The Lender would be required to reduce the laon amount plus pay all fees and pentals to correct the loan. If the Lender continues to violate these rules they would be disconinued from the program. NON PROFIT Credit Unions would be a great place to start. These Cedit Unions allready care about their clients and have experience lending under strick guidelines. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=14095" width="1" height="1">