Mortgage Lending Practices

Witnesses from the financial industry and consumer advocates testified about the Mortgage Lending Act, H.R. 3915, which sets a minimum… read more

Witnesses from the financial industry and consumer advocates testified about the Mortgage Lending Act, H.R. 3915, which sets a minimum standard for borrowers' ability to repay mortgage loans. It contains consumer protections for “high cost loans” and renters of foreclosed homes. Topics included ‘subprime’ mortgage companies, the sale of these mortgages to the secondary market, the Federal Reserve’s efforts to help borrowers avoid foreclosure, national standards for qualified mortgages, criticism of some provisions in the legislation, and problems of overreacting to abuses in the mortgage market. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Mortgage Lending Practices

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Program ID:
201721-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Oct 25, 2007
Last Aired:
Oct 26, 2007

Airing Details

  • Oct 25, 2007 | 2:38am EDT | C-SPAN 2
  • Oct 26, 2007 | 11:47pm EDT | C-SPAN 2
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