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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] New Predatory Lending Law Posted by Mike on June 21, 2002 at 4:37 PM Hi Ward: I currently work for a mortgage company where I am working on expanding my knowledge of real estate from a lender's point of view, and have been simply amazed at the real life scneario's that come up on a daily basis. What in your opinion is going to be the biggest change with this new law in CA? I understand that it takes effect on July 1st, and that lender's are going to be required to charge less than 5% of the loans. Do you feel that this will allow more deals on the table for regular investors that in the past the lenders have gottten for first? What in your opinion do you see happening in the real world with this law? Will it be effective, or will the lenders find a way to get around this law? Your forum is AWESOME!! Follow Ups: Upcoming changes due to the predatory lending law Ward-CA- 7:12 AM, 06/23/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward: : I currently work for a mortgage company where I am working on expanding my knowledge of real estate from a lender's point of view, and have been simply amazed at the real life scneario's that come up on a daily basis. : What in your opinion is going to be the biggest change with this new law in CA? I understand that it takes effect on July 1st, and that lender's are going to be required to charge less than 5% of the loans. Do you feel that this will allow more deals on the table for regular investors that in the past the lenders have gottten for first? : What in your opinion do you see happening in the real world with this law? Will it be effective, or will the lenders find a way to get around this law? : Your forum is AWESOME!! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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