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WP: Regulators to issue mortgage warning (MSNBC)  As the real estate market slows, some mortgage lenders are trying to prop up profits by relaxing lending standards for certain types of loans, endangering borrowers and financial institutions, a


Consumer Spending Up in May  Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated. It was the second


Election brings an Abbey quick fix  It is over a year since the Government published the Miles report on mortgages. The report, among other measures, called on the mortgage industry to offer more long-term fixed-rate home


Mortgage brokers need to report increasing fraud, FBI says (MENAFN)  Mortgage brokers need to report increasing fraud, FBI saysread more...


Freebery's motion for acquittal on mortgage fraud charges denied  A federal judge has denied Sherry L. Freebery's motion for acquittal following last month's mistrial on mortgage fraud charges.read more...


Ahead of the Bell: Mortgage Lending (AP via Yahoo! Finance)   Senators will scrutinize home lending practices Tuesday when they convene a hearing on how to protect consumers from mortgage abuses.read more...

March 31st, 2007

City home inspections now required

There’s a new rule for sellers and buyers of properties in the city that cracks down on illegal conversions and additions.
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