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Paths to Relief For Boomers in Debt
Washington Post - Lender origination and mortgage insurance fees can be substantial, typically 4 percent on FHA loans. Countrywide and Bank of America say their fees are lower in relative terms. Reverse mortgages are also inherently complicated for estate planning
Source: www.washingtonpost.com

Will it be harder to get credit?
Christian Science Monitor - Clearly there’s a risk” that a tighter financial climate could spread beyond the arena of low-quality mortgage loans, says Nigel Gault, a US economist at Global Insight, an economic forecasting firm in Lexington, Mass. “It’s unknowable
Source: www.csmonitor.com

Bank Regulators Finalize Mortgage Rules
US News and World Report - WASHINGTON (AP) — Banking regulators on Friday completed guidelines that call on lenders to strictly evaluate borrowers’ ability to repay home loans. The guidance issued by the Federal Reserve and the other four federal agencies that regulate banks
Source: hosted.ap.org

Report: Race a factor in area mortgage loans
Daily Progress - Black residents in the Charlottesville region are nearly four times more likely than whites to have a high-cost subprime mortgage loan, the largest racial disparity in the nation, according to a new report by a nonprofit advocacy group. The report
Source: www.dailyprogress.com

HUD to Eye Mortgage Policies at Lenders
MSN MoneyCentral - Specifically, the new Fair Lending Division will investigate discrimination complaints against lenders who have allegedly violated the Fair Housing Act by refusing to make mortgage loans, refusing to provide the same information regarding loans, or
Source: news.moneycentral.msn.com

Mortgage Giants Tighten Buying Policies
MSN MoneyCentral - WASHINGTON (AP) - Fannie Mae and Freddie Mac have tightened their policies for purchasing high-priced, high-risk home loans from lenders amid stress in the housing market. The policies issued Friday by the two government-sponsored companies were in
Source: moneycentral.msn.com

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This entry was posted on Friday, July 13th, 2007 at 11:40 pm and is filed under Online Mortgage Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.