A bill so you can prohibit anybody, in connection with good subprime federally related mortgage, from getting financial financing attributes otherwise home loan brokerage functions except if eg body’s authoritative of the HUD as the being adequately trained with mention of subprime financing

Of several CBC users as well as Agencies Mel Watt (NC-12), Maxine Seas (CA-43), Andre Carson (IN-07), Elijah Cummings (MD-07), and Gregory Meeks (NY-05) has worked to include conditions from the Dodd-Honest Wall surface Road Change and you can User Financial Cover Act regarding 2010 that assisted address high-risk financing, create the historical User Financial Safety Bureau, target disproportionate predatory lending so you’re able to minority neighborhoods, and offer home loan rescue to the people against foreclosure. [Read more…]