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Loan Modification
: Mortgage Lender Implode-o-MeterReconciled Financial Reform Includes Volcker Rule, Derivatives Reform
By Implode-Explode Heavy Industries
A conference of House Representatives and Senators agreed early this morning on a sweeping financial regulatory reform bill after weeks of reconciliation between separate House and Senate versions.
The reconciled bill establishes the Consumer Finance Protection Bureau, ends taxpayer-funded bailouts, brings greater regulation to the derivatives market and provides grants through the US Department of Housing and Urban Development (HUD) to help mortgage borrowers facing foreclosure.
Full post as published by Mortgage Lender Implode-o-Meter on June 28, 2010 (boomark / email).
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