You need to check your local regulations, but almost certainly no, these are not sufficient.

The City can't regulate everything that goes on.

The "new" agency being established has control over fannie and freddie which makes all their regulations the same as FHA also under their control.This would mean a 90 day seasoning rule.

Congress is trying to regulate the wrong thing.

Here's why: 1.                          Congress is trying to regulate the wrong thing.

SAMPLE LETTERS**IF YOU HAVE A REAL ESTATE LICENSE* Dear Senator [name];My name is Vena Jones-Cox and I am a life-long resident of Cincinnati.I am writing you to encourage you to vote NO on HR 1728, the "Mortgage Reform and Anti-Predatory Lending Act".While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act (see section 101(3)(e)) will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.As a real estate broker, I have seen several dozen cases in the past year of home sellers and buyers coming to an agreement for an installment sale on a property that the owner desperately needed to sell (often to avoid foreclosure) and the buyer desperately wanted to buy, but could not raise the downpayment needed for conventional financing.In all cases, these sales turned out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rates with none of the usual costs (points, application fees etc) inherent in more conventional mortgage transactions.In Ohio, these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law foists upon them.

we have all seen that the USA economy has affected worldwide stock markets.I have been reading books on economics lately, not just USA but Africa and international. one of the books (incidently that Obama has read) discusses the future economics of our world based on the thesis that the rest of the world will have a higher standard of living in the future, and what this means for America is that rather than being the sole superpower that America will have to learn to get along with other rising economies in the future.the most important point I have come across so far, is that what we need is more entrepreneurs not more welfare, not just in the USA, but in economies in general, including Africa and everywhere else. aid is good for temporary but not permanently.politics have their role in regulating but they are not business entrepreneurs (excepting a rare few). so I thought I would throw this out there, for those who may be thinking 20-30 years down the road, and what will be the next step long after our current situations have been taken care of and our current politicians are no longer in office etc.

AMCs are taking up to 40 percent of the total appraisal fee and are not being regulated to ensure that their appraisers are licensed and competent.

Dan, I notice that you have just recently become involved with the HOA.This makes me believe that you do not understand all the rules and regulations of that HOA.

The bank don't have the choice sometimes since the bank itself is regulated and bound by the rules of either Fannie or Freddie.