Bank Lawyer's Blog takes it from here: If loans with these The problem is that the state has no power to retroactively regulate contracts, so this is just another Ritter lie. Last week, Ritter's office announced with much fanfare an emergency order that sounds as though it is retroactively rescuing the folks who signed variable rate mortgages with low teaser rates and high early repayment penalties. A Texas based bank lawyer-blogger takes Bill Ritter apart in a way that we can only admire. Borrowers can stay involved with their dealings by applying for a mortgage online. With traditional mortgages, lenders may not give out enough information, leaving the borrower practically in the dark throughout the whole process.
