Thursday, November 02, 2006

Mortgage: State may cause "redlining" of neighborhoods

Home-buyer counseling challengedFederal suit alleges law discriminatory (

There is definately a need to figure out something to stem forclosures and predatory lending in many Chicago neighborhoods. But the legislation above could be another by-product of good intentions by the State. I used to work at the IDFPR (which governs me, the Realtor) when they implimented laws that regulated loan originators... now that's good legistlation!

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