The task force recommended enacting a broader criminal statute for mortgage fraud and requiring that lenders and mortgage originators report fraud to the state.

They also suggested codifying that lenders wait 90 days before filing a foreclosure action after a borrower defaults, and lengthening the amount of time before a sale can take place. Another proposal would require that brokers be able to demonstrate that each mortgage, particularly a refinanced loan, provides a tangible net benefit to the borrower.

The president of the Maryland Association of Mortgage Brokers, Charles DiPino, is a member of the task force. Smitherman reports that "his group would like to see the standard applied to everyone who extends a loan."