Posts Tagged ‘texas mortgage regulation’

Texas Does Not Have A Magic Anti-Bubble Bullet

Felix Salmon and Rortybomb¬†have posts up that suggest Texas mortgage regulations protected the state’s homeowners from being ravaged by falling prices and foreclosures.¬† Here is what Salmon posted: “Which nanny state: Banned its mortgage lenders from imposing prepayment penalties; Banned balloon repayments; Banned negative amortization mortgages; Banned loans based only on collateral value without regard […]