Baby Steps in Mortgage Reform

A few months ago, this blog covered plans by U.S. lawmakers to try and push through some mortgage reform — clearly an uphill battle. According to MarketWatch, any such legislative overhauls may take a while — Congress appears to be in no hurry. However, just because congress isn’t acting doesn’t mean the government isn’t. Last year, the Federal Housing Finance Agency requested feedback on some proposals, and after having received “mostly positive feedback,” is planning to move forward some transformations that may allow borrowers to pay less.

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