Subprime Lending Bills Gain Legislative Attention

March 3, 2008

The recent attention mortgage reform has garnered has turned subprime lending legislation into a hot topic. Both in the Connecticut General Assembly, the legislatures of other states, and the US Congress, mortgage reform has become an important issue of discussion. The debate revolves around, not whether or not to reform the industry, but how. “Connecticut lawmakers are faced with the dilemma of how to put more controls on the industry to prevent predatory abuses, without penalizing brokers and mortgage lenders who followed the rules.” To learn more about the subprime lending legislation debate and see how lawmakers and advocacy groups, like the CT Fair Housing Center, hope to tackle the issue, click here.

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