AT HIGH NOON TODAY CHAIRMAN BARNEY FRANK OF THE HOUSE FINANCIAL SERVICES COMMITTEE ANNOUNCED THAT AN AGREEMENT HAD BEEN REACHED AMONG CONGRESSIONAL LEADERS TO ALLOW AN INCREASE IN THE LIMIT OF HOME MORTGAGE PURCHASES BY FANNIE MAE AND FREDDIE MAC FROM $417,000 TO AS HIGH AS $700,000. THAT WAS A BLOCKBUSTER ANNOUNCEMENT, BUT FOR […]

You know how the auto insurer raises your premium after an accident? Something similar is happening to mortgage fees. They’re getting more expensive for a lot of people.
Many borrowers will be socked with a fee that amounts to $250 for every $100,000 borrowed, just because the mortgage market has gone so bad. Other customers will […]

ACORN Wants Moratorium and Tougher Laws against Predatory Lending
Pressure is building for industry and government officials to stop the wave of home foreclosures spawned by the subprime lending crises. The consumer group ACORN is the latest group to call for a halt in foreclosure proceedings.
Earlier this month, the NAACP and other civil rights groups called […]