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Volume 2009 - Number 24 | November 23, 2009
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Dodd Bill Lacks Preemption, Has Risk-Retention

Financial reform legislation introduced last week by Sen. Chris Dodd, D-CT, could have adverse consequences for the mortgage industry and borrowers, according to the Mortgage Bankers Association. Dodd announced the legislation without support from Republicans. However, he suggested that he incorporated ideas from both sides of the aisle in the proposed legislation. Formal debate...

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