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Prosecute the Mortgage Sharks

Shared by Niicss on Mon Apr 28, 2008 5:27 am

To save the borrowers from the Mortgage Sharks, the Treasury Secretary Henry M Paulson makes a Federal Mortgage Origination Commission. This commission will try to set up the minimum standards for the loan officers. This commission will also evaluate the rates, terms and fees.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2008/04/26/AR2008042600137.html
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