Bush Proposes New Regulator for Fannie, Freddie
Alongside the release of President Bush’s budget proposal for 2007, the White House asked Congress to create a new regulator for home mortgage giants Fannie Mae and Freddie Mac.
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Mortgage lenders ordered to pay $99 million in punitive damages (The Kansas City Star) A Jackson County jury Friday ordered three mortgage lenders to pay $99 million in punitive damages to Missouri residents who claimed they were charged illegal fees for second mortgages.read more...
The LoVerdes' golden plan The LoVerdes say they're proof that everyday people can make money in real estate, especially on the Myrtle Beach oceanfront.read more...
Looser Credit on the Way In 'Declining' Markets? Could the mortgage industry scrap its controversial practice of listing hundreds of local real estate markets as "declining" -- and restricting lending there through higher down payments or credit scores? read
Insurance can cut your mortgage payment (Austin American-Statesman) You can get lower monthly payments in some cases by getting a home loan with mortgage insurance rather than a piggyback loan. Don't assume that your loan officer or mortgage
Governments set to discuss laws to address housing crisis A week after Hurricane Wilma battered South Florida, Eric Joiner found himself homeless; inspectors tagged his Overtown apartment complex unsafe.read more...
Mortgage scam snagged scores (Pioneer Press) The pitch went like this: Just show up at the closing and you'll pocket $5,000. The investment company uses your name and credit to get a zero-down mortgage for a