Neighborhood Mortgage Lenders Accountability Act - Amends the National Housing Act to prohibit basing mortgage costs and interest on loan amounts.
Requires assessments of mortgagees' performances in meeting the lending needs of the community with respect to residential housing lending, and plans to remedy any deficiencies.
Provides for standardization of mortgage servicing fees.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Housing and Community Development.
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