Political Quotes

Brad Miller: “And is it also correct that any payment by the lender to the broker, or to use the language of the bill, any incentive…”

On the recordNovember 15, 2007
And is it also correct that any payment by the lender to the broker, or to use the language of the bill, any incentive compensation paid by any person to any originator, based on a higher interest rate, is still forbidden?
Said by
Brad Miller
Democratic · North Carolina

Editor's note · Context

Questioning provisions related to lender and broker payments in a legislative bill.

Share

More from Brad Miller

Nov 15, 2007

We want people to get into loans that they can pay off. They can pay month after month, and at some point have a ceremony, a little party, that people in another generation had of burning the mortgage because it is paid off. So for the…

govinfo.gov
Jul 23, 2003

I am staying up tonight, as I stayed up last week, because I think it is important that we adopt a child tax credit. I certainly knew that we could not afford it. We are digging a deep deficit hole that is going to drag down our economy…

govinfo.gov
Jul 23, 2003

Is the Wall Street Journal out to lunch in saying that that was intentionally made as rich as it was so that nothing at all would pass? I do not expect that they have the gentleman on their speed dial the way they have Bill Thomas and Tom…

govinfo.gov
Nov 15, 2007

So a mortgage originator under this subparagraph, the one we were speaking of a moment ago, will get paid exactly the same in total compensation, including both the compensation paid by the borrower and the compensation paid by the lender…

govinfo.gov

Other voices in this conversation