Senate passes bill to ban predatory mortgage loans (Minneapolis-St. Paul Star Tribune) The state Senate voted unanimously and without discussion Friday to adopt a bill that would prohibit predatory lending practices in the mortgage industry. The bill forces brokers and lenders to
Why Mortgage Life Insurance is Not a Good Idea (Argus Observer) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
ARMs Hit Borrowers in the Ozarks The interest rates that fueled the housing boom could hit homeowners hard. The Federal Reserve raised interest rates for the fifteenth time since June 2004.read more...
Put a Lid on Rising Mortgage Payments (Hornell Evening Tribune) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Royal, BMO hike mortgage rates for six-month, one-year, two-year terms (Canadian Business) TORONTO (CP) - RBC Royal Bank (TSX:RY) and Bank of Montreal (TSX:BMO) are raising short-term mortgage rates Tuesday while leaving longer-term rates unchanged, the banks announced Monday.read more...
The Law Society of Newfoundland has disbarred two lawyers who worked for the bankrupt real estate developer Myles-Leger. Williams Parsons and Glenn Bursey did much of their work for Myles-Leger, which went …
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