http://www.mortgagenewsdaily.com/12202007_Fed_Mortgage_Plan.aspTwo mortgage industry groups have weighed in on the new mortgage regulations proposed earlier this week by the Federal Reserve Board of Governors (FRB.) The first, a major critic of regulatory efforts to end predatory lending, was critical of the proposedenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/12202007_Fed_Mortgage_Plan.asp#9502Thu, 27 Dec 2007 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9502AnonymousI agree with Chad and it is incredible to watch the government totally ignore the non-disclosure of banks. They are legislating terminology, not an action. When you kick the smoke screen to the curb, banks make money on the rate but it isn&#39;t being legislated because their term for it isn&#39;t yield spread. It is just as amazing to listen while the banks pretend they don&#39;t make &quot;yield spread&quot;.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9502" width="1" height="1">http://www.mortgagenewsdaily.com/12202007_Fed_Mortgage_Plan.asp#9504Thu, 20 Dec 2007 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9504ChadHow ironic that the Mortgage Bankers are ok with this. What a surprise. As Brokers we disclose everything whereas &quot;Bankers&quot; hide what they make on the back of their loans.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9504" width="1" height="1">http://www.mortgagenewsdaily.com/12202007_Fed_Mortgage_Plan.asp#9503Thu, 20 Dec 2007 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9503Tom LoanProThe Fed Reserve is an absolute farce, allowing members to use fraud and deception under government protection. Members recruit loan originators and brokers, licensed or not, to commit the fraud to try to exculpate themselves. Greenspan retired knowing he created unprecedented, irresponsible indebtedness designed to strip americans of their earnings, savings and equity and placing it into the hands of his political establishment friends. Retire and reverse mortgages can make it 100%.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9503" width="1" height="1">