FTC warns companies on 'deceptive' mortgage ads (USA Today) The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements that could give borrowers a false impression of the cost of home loans.read more...
Brokers claim lack of understanding over mortgage PPI (Insurance Window) In the first survey of mortgage brokers and intermediaries on their attitude towards mortgage payment protection insurance (MPPI) since the FSA revealed the results of its thematic review, Assurant Solutions
Home Loans to Illegal Immigrants Sturdy But Show Some Cracks A number of factors -- including a possible government crackdown on illegal workers and a slowdown in job prospects for undocumented laborers -- threaten the ability of these borrowers to
Family finances: Beware of the 'mortgage hype' on your TV (Pittsburgh Post-Gazette) As interest rates rise, mortgage volume has been drying up. This means potential borrowers must be especially wary as some mortgage brokers are stooping to new lows to generate business.read
Why home buyers and sellers must understand 'as-is' sales 'As is' usually doesn't get top dollar If you are buying or selling an "as-is" residence during this peak home selling season, it is very important to understand the pros
Jobless Claims Fall for Second Week Applications for unemployment benefits dipped for a second straight week, indicating the labor market remains healthy despite a yearlong slowdown in economic growth.The Labor Department reported Thursday that the
Buyout firms like to present themselves as a can’t-fail combination of operational genius and financial support that can heal sick businesses and create thriving companies. But sometimes, as in the case of Aegis Mortgage, genius fails and bankruptcy is declared.
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