The Federal Reserve Bank (which is NOT a government agency, but a PRIVATE BANK) was able to convince the Courts to allow their asinine
sweeping new lender rules to take effect (April 5th) while the case winds it's way through the court system.
St Paul, MN: On April 1, 2011 —
sweeping new mortgage broker and mortgage
lender changes go into effect which will stifle competition, reduce loan options, extend the housing market recover time, and increase interest rates and closing costs to home owners everywhere.