Mar 20, 2003
There has been some concern that large companies will have an advantage in offering these GMP's.
Jack Reed
The Public Record
Jack Francis Reed is a United States Senator from Rhode Island, serving since January 7, 1997. A member of the Democratic Party, Reed has been an influential figure in the Senate, particularly known for his work on the Armed Services Committee. Throughout his tenure, he has focused on issues such as national security, veterans' affairs, and economic development. Reed has also been involved in various legislative efforts aimed at improving education and healthcare access for Rhode Islanders.
congress.gov
Mar 20, 2003
I think that would have to go, not just in your disclosure form, but in your advertising.
Mar 20, 2003
Secretary Mel Martinez should be commended for his effort to streamline the homebuying process.
Mar 20, 2003
There is another issue here and that is, even with all these innovations, the question is what happens if the individual borrower discovers that they have been misled or that the terms of the package have not been complied with?
Mar 20, 2003
Secretary Martinez should be commended for his efforts and leadership to streamline the homebuying process.
Mar 20, 2003
Well, one of the problems, Mr. Secretary, in trying to understand all the ramifications of the Rule, is that the damages are limited, I believe.
Mar 20, 2003
We all agree that the disclosure now is inadequate and we have to do something.
Mar 20, 2003
the perception of most people looking for a loan, when they go to a broker, is that the broker is working to get the best deal for them.
Mar 20, 2003
A third way to get at, maybe not directly this problem, but to respond to some of the discussions.
Mar 20, 2003
we have to go back to the first point, which is accurate transparent disclosure of the fees.
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