Tag Archives: Legislation

A California Bill intended to help build low-income homes is doing so on the back of borrower’s facing foreclosure. Here’s how.

By T. Robert Finlay, Founding Partner, Wright, Finlay & Zak and Sonia Edwards, Senior Associate, Wright, Finlay & Zak, California With global warming and other environmental issues at the forefront of national policy, the creation of programs to finance energy-efficient improvements ...

An analysis of the Dodd-Frank Act modifications by Moody’s has found that the amendment to the federal Truth in Lending Act (TILA) passed by the U.S. Senate last week will help clarify certain federal consumer protection responsibilities for participants in ...

Congressman Tom Reed (R-New York) introduced the Mortgage Forgiveness Tax Relief Act of 2015 (H.R. 1002) on February 13, and that bill is now being heard in the House Committee on Ways and Means. Two weeks later, Senators Debbie Stabenow (D-Michigan) and Dean Heller (R-Nevada) introduced a similar bill (S. 608), which is currently in the Senate Banking Committee. Both bills would extend relief to homeowners on forgiven mortgage debt – the remaining mortgage balance when a borrower sells a home in a short sale to avoid foreclosure

The U.S. House of Representatives passed bipartisan legislation recently that allows small businesses to spend capital toward creating jobs instead of compliance. H.R. 4, known as the Jobs for America Act, contains two Financial Services Committee bills designed to provide regulatory ...