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Will Bush Veto "Anti-Predatory Lending" Bill?

November 15, 2007
HR 3915, the so-called "anti-predatory lending law" is being met with fierce opposition from the Bush administration.  Some of the most controversial parts of the bill would ban yield spread premiums and impose assignee liability on companies that securitize loans loans for sale on the secondary market. The Bush administration is in favor of better disclosures rather than tying the hands of lenders in an already difficult mortgage market.  I agree.  Bush has not said whether he'll veto the bill, but we're definitiely in for a good fight in an election season between the regulators and the free-market thinkers. http://inman.com/inmannews.aspx?ID=65233

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William Bronchick, ESQ.

Nationally-Known Attorney, Author, and Speaker

Attorney William ("Bill") Bronchick, the host of Legalwiz.com, has authored six best-selling books and is sought nationwide for his 30+ years of real estate and legal knowledge. He has been interviewed by numerous media outlets, such as CNBC, TIME Magazine, USA Today, Investor Business Daily, Forbes, and the LA Times, to name a few. William Bronchick is the co-founder and past President of the Colorado Association of Real Estate Investors and the President of the Colorado Landlords Association. Click on the "About" link above for more information on William Bronchick.

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