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During the first day of a scheduled two-day hearing on proposed housing legislation sponsored by Committee Chairman Barney Frank, Federal Housing Administration (FHA) Commissioner Brian D. Montgomery testified before the House Financial Services Commission. While most of his remarks centered on the proposed...
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This bill has passed the house, though many changes were made from initial drafting to the final version. Brokers will still have the ability to earn YSP Borrowers can still finance origination costs The national registry will apply to all originators There will be increased educational and licensing...