The only thing I know about this whole mortgage and foreclosure problem is that we got a 30 year fixed with a great rate. That, and we will never be able to sell our house.
But with terms like “predatory lending” and something about “ARMs”, I can only assume that the changes to Regulation Z that the Fed has agreed to consider are restrictions on the sale of homes to zombies or at least to the illegal zombie hordes crossing our borders.
I salute Chairman Bernanke for addressing this complex yet vital problem facing our nation and Avent's delicious brains.
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