There could be some changes for the mortgage industry coming from Washington DC soon.
The House is expected to vote on the Financial Choice Act this next week.
The Financial Choice Act, sponsored by FSC Chairman Jeb Hensarling (R-TX) would repeal or modify many of the changes made by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including broad changes in financial regulations, revising the structure of the Consumer Financial Protection Bureau, and limiting much of its authority.
It also includes provisions that will affect the home mortgage industry.
I’m watching this bill with great interest, and will keep you informed of it’s progress.
That’s it for today!
Have a good day today! …and thanks for reading.