Miss. Lawmakers to be Asked to Address Subprime Issue

MyFoxMemphis, 9/8/7

Lawmakers will be asked to revise Mississippi’s mortgage laws in the wake of a subprime lending crisis that is leading to a record number of foreclosures across the nation.

Mortgage laws will be reviewed in the 2008 legislative session, said House Banking Committee Chairman Danny Guice, R-Ocean Springs. But Guice said he’s not sure how to approach the problem.