Mar 31st 2011 1:15PM
Starting April 1, a federal law will change the way mortgage brokers earn their pay. Advocates say the rule prevents needless mark-ups on loans that pad brokers' incomes. However, critics argue the law hurts consumers by narrowing the marketplace and funnels more customers to fewer lenders. Don Hagan, vice president of... Continue Reading »
Mar 24th 2011 2:00PM
Could new mortgage regulations created to protect homebuyers under the Truth in Lending Act actually hurt more than it helps? The debate rages on, as mortgage brokers brace for what some argue will lead to less competition in the market, and therefore less credit for consumers. Charles Hugh Smith at our sister site,... Continue Reading »
Feb 28th 2011 4:00PM
A mortgages calculator is a popular way for many homebuyers to figure out which lending deal works out the best for their needs. But until the federal government fine-tuned Regulation Z, better known as the Truth in Lending Act, borrowers weren't necessarily getting all the information they needed to make an accurate... Continue Reading »
Dec 31st 2010 9:25AM
Rob Hahn and Jeff Corbett are partners in 7DS Associates, a strategic management consultancy focused on the real estate business. As industry insiders and observers, they agree on many aspects of the current housing market; they disagree on plenty of others. AOL Real Estate asked them to conduct a dialogue throughout this... Continue Reading »
Sep 8th 2010 11:22AM
Minnesota homeowner Matt Kreger refinanced his $168,000 mortgage into a 4.75 percent 30-year fixed-rate three weeks ago, to get out of a 5-year, interest-only ARM with a 5.7 percent rate, which was set to change at the end of September. Borrowers such as Kreger were part of a push before Labor Day to close on the... Continue Reading »
