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“How the Mortgage Acts & Practices” Rules Affect Real Estate Agents & Builders

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Mortgage Professional America | 16 May 2012, 11:21 AM Agree 0
In the very first article regarding the Mortgage Acts & Practices rules, I mentioned that this new advertising rule now applies to everyone involved in selling and marketing one- to four-family, owner-occupied homes.
  • nnielsen | | 17 May 2012, 12:23 AM Agree 0
    Thanks very much for the heads up. It seems to me that Washington addressed a past crisis (aka as the real estate bubble) by imposing red tape. To prevent investment bankers from creating overly complex financial products that no-one understands, we will all be busy collecting our marketing material.
    If you recall, fraud was not the issue. Banks wanted to take everyone since house prices were going to rise and the liquidity of the mortgagor was no concern.
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