May 19th 2011 10:30AM
The Consumer Financial Protection Bureau advanced its overhaul of annoying, incomprehensible mortgage forms on Wednesday in its first regulatory maneuver since the agency was created by last year's financial reform bill. The CFPB rolled out two prototypes for a single, streamlined form to replace two complex and... Continue Reading »
Jul 19th 2010 11:23AM
Do you really need to show your mortgage broker a marriage certificate to prove that extra cash in your bank account came from a legitimate source? Yes, if you want to be sure your mortgage application will be approved. This is just one type of documentation prospective home buyers should be prepared to produce as they... Continue Reading »
Mar 25th 2010 4:30PM
Many banks give away plush animals and sports posters to lure in customers, but one East Coast bank is pulling out all stops amid the housing crisis with a sweepstakes that will pay off your home mortgage up to $250,000. The Big Three -- Bank of America, Wells Fargo and Chase -- could take a lesson or two from this... Continue Reading »
Mar 12th 2010 9:45AM
Oops, they did it again! Bank of America wrongly seized a Pittsburgh home that it mistakenly targeted for foreclosure. This time, it took the parrot, too. The bank released a public apology on Wednesday to Pittsburgh resident Angela Iannelli for wrongly seizing her home and snatching her beloved pet parrot last October,... Continue Reading »
Feb 17th 2010 11:30AM
For many critics, watching the government pour more and more taxpayer money into Fannie Mae and Freddie Mac is like watching a slow motion horror flick. One critic likened the companies, which were seized by the government in 2008, to monsters like Godzilla, Frankenstein and Dracula. The reality is a little more... Continue Reading »
