Saturday, December 4, 2010

Is the Federal Reserve Leaving Homeowners out in the Cold? (The Atlantic Wire)

The Atlantic Wire - The Federal Reserve, sensing it hasn't whipped up enough controversy recently with its decision to purchase $600 billion in government bonds or its release
of documents detailing the emergency loans it made during the financial
crisis, has stirred the pot once again. This time it wants
to amend part of the Truth in Lending Act that gives
homeowners the right to cancel, or rescind, a loan up to three
years after the transaction if the lender
illegally withheld information about a mortgage from the homeowner--a
frequent occurrence during the recent housing bubble.

Reese Witherspoon Rene Russo Renee Zellweger Reon Kadena Rita Hayworth

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