Federal Reserve Issues Rule Changes for Home Equity Lines of Credit Closed-End Mortgages
Tuesday, July 21st, 2009Last week, the Federal Reserve announced they would issuing a new proposal this week under its Truth in Lending Authority that would provide for re-designed disclosures and rule changes for closed-end first and second mortgages and home equity lines of credit (HELOCs), Fed Governor Elizabeth Duke wrote in prepared comments for her testimony scheduled this [...]