Jun 17th 2010 4:10PM
Many homebuyers mistakenly arrive at closing unprepared for a laundry list of closing costs: major and minor fees that are a routine part of any home purchase. This can be because the lender increased fees on lender-controlled aspects of a transaction, or because a buyer chose a third party (appraiser, inspector,... Continue Reading »
Jan 4th 2010 4:30PM
Can consumers get a break, just once? This week, new federal rules go into effect requiring mortgage lenders and brokers to clearly disclose to borrowers the actual costs of their mortgages, including interest rates, fees and penalties. Every borrower must now receive a standard, government-approved Good Faith Estimate,... Continue Reading »
Jan 3rd 2010 11:16AM
Remember predatory lending? Not long ago the media was full of stories about how unfair and abusive lending practices were cheating people out of their homes. Now, as the economy wobbles down the path to recovery, the government is finally putting into effect some new mortgage rules to protect consumers. Starting New... Continue Reading »
