On May 6, 2009, Congressman Kanjorski, Chairman of the House Financial Services Committee on Capital Markets, spoke in favor of the Mortgage Reform and Anti-Predatory Lending Act, as well as his comprehensive amendment to the legislation to improve mortgage lending standards. Congressman Kanjorski's amendment would strengthen appraisal regulation and improve mortgage servicing rules so that homebuyers have greater protections from unscrupulous participants in the mortgage market.
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