Mortgage lenders’ foreclosure divisions criticized (Courier-Post)
Consumer advocates have begun criticizing major mortgage lenders, such as Countrywide Financial Corp. and GMAC Financial, that also have in-house foreclosure businesses.
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US markets down amid bank fears over mortgage bonds (The Nation) New York - US stocks plummeted on Friday as investors deserted banking firms over mortgage bond fears.read more...
Credit Laws Don't Apply Absent Transaction "Thus, generally speaking, residential leases are not credit transactions and landlords are not creditors under the ECOA" Federal judge strikes discrimination suit against real estate leasing firm An African-American
The good, the bad and the ugly: LoanIQ evaluates appraisals (Reg Req'd) Technology aids lenders in fraud fight Using a system that could be described as "the good, the bad and the ugly," First American Real Estate Solutions ' LoanIQ evaluates loans
Houses in the air By J. Bradford DeLong Over the past six months, attention and worry have shifted from America's enormous trade deficit to its surging property markets and real-estate bubble.read more...
Minority loan rates higher: Study Black and Hispanic borrowers are 30 percent more likely to be charged a higher rate for high-risk home loans than whites with similar credit histories, according to a study by