Wilmington HotelsWilmington AdvertiseWilmington AttractionsWilmington BeachesWilmington Business DirectoryWilmingtonWilmingtonWilmington GolfWilmington JobsWilmington NewsWilmington DiningWilmington Weather
     

 

 

Wilmington, NC News

  Free Wilmington Travel Guide!

NC bank panel hears comment on new mortgage rules

Video

Body

RALEIGH, N.C. — Banks and anyone else with an interest in how new North Carolina mortgage laws are applied have an invitation to sound off.

The state banking commission holds a public hearing Tuesday morning to discuss how it would apply foreclosure prevention laws the General Assembly passed this year.

The banking commissioner says the new laws and its proposed mortgage rules would help reduce foreclosures, improve consumer protection, and make the mortgage market work better.

One change would require a mortgage servicer to stop the foreclosure process while it considers a homeowner’s request for help.

Another change tells a mortgage servicer to respond quickly and clearly when a homeowner requests assistance.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Story image

Story summary

Banks and anyone else with an interest in how new North Carolina mortgage laws are applied have an invitation to sound off.

Story summary image

Associated poll

More: continued here

Be Sociable, Share!
 

Archives

News provided by WWAY NewsChannel 3 and the StarNewsOnline

|Home| |Events| |Attractions| |Accommodations| |Restaurants| |Golf| |Beaches| |Jobs| |Getting Here| |Climate| |Directory| |News| |Advertise| |Contact Us|

 
 
  Welcome to Wilmington, North Carolina