Sen. Brown Urges Fed to Maintain Key Protection for Homeowners

WASHINGTON, D.C. – January 4, 2011 – (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH) and five of his Senate Banking Committee colleagues urged the Federal Reserve to reconsider proposed rules that would eliminate the ability of homeowners to stop foreclosures and rescind predatory home loans. The proposed rule would prevent homeowners from cancelling mortgages that violate the Truth in Lending Act