House Committee approves Mortgage Choice Act

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The House Financial Services Committee marked and favorably reported the H.R. 3211, the Mortgage Choice Act. It can now be referred to the House floor for consideration.

The expanded summary of the House reported version is repeated here.) Mortgage Choice Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act to specify that neither escrow charges for insurance nor affiliated title charges shall be considered "points and fees" for purposes of determining whether a mortgage is a "high-cost mortgage."

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Landlord Acceptance of Housing Choice Vouchers House Speaker approves of the Financial CHOICE Act. The bill aims to deter the Dodd-Frank Act, provide Main Street relief, end taxpayer bailouts, rein in unchecked Washington bureaucrats, and cut the deficit by $24 billion. This is accordingto Representative Paul Ryan. This legislation received praises from Speaker of the House Representative Paul Ryan.

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House Committee approves Mortgage Choice Act. Ben Lane is the Editor for HousingWire. In this role, he helps set a leading pace for news coverage spanning the issues driving the U.S. housing economy and helps guide HousingWire’s overall direction. Previously, he worked for TownSquareBuzz, a hyper-local news service.

The bill was one of 15 bills approved by the committee. The House already has passed Financial Services Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act, would overhaul the Dodd-Frank Act. The.

In December, Broeksmit testified before the House Financial Services Committee in support of “The Bipartisan Housing Finance reform act. mortgage markets, borrower access to credit, lender access.

U.S. PIRG and the state PIRGs support legislation, such as the Fair Credit Full Disclosure Act, H.R. 2856 by Rep. Chris Cannon (UT), now before this committee, as well as a similar proposal before the Congress by Rep. Harold Ford (TN). 2 We also, along with Consumers Union and the California Association of Realtors, support the california credit scoring disclosure proposal, SB 1607 (state senator Liz.

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The full House could vote later this week. The Financial CHOICE Act, whose chief sponsor is committee chairman Jeb Hensarling, R-Texas, would repeal the Department of Labor’s new fiduciary rule until.

House Committee Approves Garrett Promoted Financial CHOICE Act to end Corporate Bailouts Skip to navigation Skip to content The Ridgewood Blog Brings a free market laissez-faire Point of View to Local, New Jersey State and National Issues.