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H.R. 3915 Would Impose New Burdens and Limits on Moderate Income Borrowers

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Publication Date: November 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Ronald D. Utt

Series: WebMemo

Topic: Banking and finance (Credit and loans)

Keywords: Economy; housing; mortgage; lender

Type: Brief

Coverage: United States

Abstract:

H.R.3915 would make borrowing tougher for moderate income families and delay the housing market recovery that is now struggling to get underway.