It is clear that the administrations argument that no new action is needed has been proven wrong. ... It is going to enable approximately 400, 000 homeowners to refinance into 30-year fixed mortgage products with FHA mortgage insurance. ... The bill provides the right to waive the early disclosure requirements if the consumer has a bona fide financial emergency that requires they close the loan quicklyanbsp;...
|Title||:||United States of America Congressional Record Proceedings and Debates of the 110th Congress Second Session Volume 154-Part 10|
|Publisher||:||Government Printing Office -|