Articles filed under Mortgages
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Breaking the logjam on HECM reverse mortgagesJan 24, 2014 11:34 pm - People reaching retirement age are living longer than ever, and retiring with less capacity to maintain their living standards. With good reason, this situation has been...
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New mortgage disclosure forms lack useful comparisonsJan 17, 2014 11:22 pm - Editor’s note: This is the final column in three-part series on new mortgage disclosure rules. The series has appeared in HomesSaturday. The Consumer Financial Protectio...
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Mortgage professor: If borrowers owned the appraisals they pay for, they would be able to shop for a mortgage effectivelyJan 16, 2014 1:13 pm - Editor’s note: This is the second column in a three-part series appearing in Homes Saturday. The Consumer Financial Protection Bureau (CFPB) has developed two new disclo...
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Will borrowers now be protected from unjustified price increases?Jan 03, 2014 11:41 pm - Editor’s note: This is the first column in a three-part series appearing in Homes Saturday. The following is an email I received today, which I have edited down to the e...
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Payday loans can be an addictive viceDec 20, 2013 11:08 pm - Payday loans appear to be growing in importance. The spam folder in my email register now seems to have as many solicitations for payday loans as for home mortgage loans...
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What should be done with Fannie Mae and Freddie Mac?Dec 13, 2013 11:13 pm - What should be done with Fannie Mae and Freddie Mac? Actually, that is the easy question. There seems to be an almost universal consensus that the agencies should be pha...
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Can you use the good-faith estimate to shop mortgage prices?Nov 29, 2013 11:00 pm - Under Federal law, every home mortgage borrower must be provided with a Good Faith Estimate of Settlement Costs (GFE) within three days of receipt of the borrower's appl...
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When mortgage borrowers need an ombudsmanNov 22, 2013 11:15 pm - The ombudsman concept developed as a protection, or a source of redress, for individuals treated unjustly by governments, corporations, universities and other entities w...
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What to look for in a mortgage loan officerNov 15, 2013 11:08 pm - My new program to certify mortgage loan officers (LOs), which will become operational early next year, will focus on two features that are critically important to borrow...
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What to look for in a mortgage loan officerNov 08, 2013 8:58 am - When a mortgage borrower selects a lender with whom to deal, the identity of the firm is much less important to the borrower than the identity of the individual loan off...