Credit Fees on the Rise
Home buyers and refinancers face higher fees for credit reports beginning Jan. 1, a price boost that has mortgage, credit industry and consumer group leaders fuming.
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Who?s Watching Your Money? (New York Times) The hands of state banking regulators have been tied when it comes to predatory mortgage lending by national banks.read more...
Mortgage mess a product of captialism (Paradise Post) These last few weeks have been sobering. We've seen the biggest U.S. investment banks and a huge mortgage company in financial trouble. Lehman Brothers went belly up. Fannie Mae and
Mortgage relief plan fires up financials (Market Watch) NEW YORK (MarketWatch) - U.S. financial stocks rallied in preopen trading Friday after news that President Bush will unveil a proposal to expand the role of the federal government to
Courts Disagree Over Mortgage Fee Limits The agency charged with overseeing the federal law in this arena, the Department of Housing and Urban Development, says that all markups are illegal absent extra services.read more...
Put a Lid on Rising Mortgage Payments (Ionia Sentinel-Standard) (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...
Housing starts: 1.1% dip in July The time is right for biotech investing as healthcare spending is set to double over the next 10 years.read more...