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From the staff of the Tampa Bay Times

Johnson's Fresh Campaign Stump



Give Republican CFO candidate Randy Johnson some points for finding a fresh campaign issue -- and with a consumer angle to boot.

The state representative from Celebration showed up at the Florida Press Center in Tallahassee Wednesday to unveil a proposal to require more disclosure on "exotic" line mortgages -- such as promises of 1-percent loans -- that often leaving borrowers surprised at closing and unable to make monthly payments.

Johnson advocates the state adopting the rules and disclosure requirements similar to those advocated by the National Association of Mortgage Brokers. The Palm Beach Post reported earlier this week Florida ranks 49th among the states (Georgia is last) in all types of mortgage fraud.

[Last modified: Wednesday, September 15, 2010 3:05pm]


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