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Why the Frank-Dodd Bill Guarantees More Bad News to Come

realpropertycheck.com August 25, 2010

Why the Frank-Dodd Bill Guarantees More Bad News to Come

Many hopes are pinned on the Frank-Dodd Financial Reform Act of 2010 (aka FinReg) and you may be forgiven for thinking that it is going to rein in Wall Street excesses, protect consumers from abuse and make the (financial) world a better place. One heck of a bill!

If only it were so. But it isn’t and here is why.

[Read more…]

Filed Under: Buying, Financing, Investing, Selling Tagged With: financial regulation, prohibition of steering incentives

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bankruptcy building wealth in real estate code violations commercial real estate contingency clause deed deed in lieu of foreclosure delinquent loans double-dip Fannie Mae featured FHA foreclosure foreclosures Frank-Dodd bill Freddie Mac GNMA GSEs HAMP HARP home prices homestead IRS junior lien lease option lien loan modifications lot number mortgage mortgage originator no-docs loans notice of commencement phantom profits REO residential robo-signing Robo Gate second liens second mortgage seller financing taxes title company title insurance unsold inventory Zillow

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