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House Financial Services Committee Passes RESPA Home Warranty Bill on Voice Vote

April 2, 2012: 

On Tuesday, March 27, 2012, The House Financial Services Committee passed HR 2446, The RESPA Home Warranty Clarification Act by a voice vote.

Legislation Introduced to Fix Issues with Qualified Mortgage that Would Deny Consumer Choice

April 2, 2012: 

On Thursday March 29, 2012, Congressmen Bill Huizenga (R-MI), Ed Royce (R-CA), Lacy Clay (D-MO), and David Scott (D-GA) introduced "The Consumer Mortgage Choice Act." The legislation fixes issues with the Dodd-Frank Wall Street Reform Act's Qualified Mortgage (QM) provisions.

Property Management Firm Pays $15,000 Fine Following Data Breach

April 2, 2012: 

On March 21st the Massachusetts Attorney General announced that a property management firm was fined $15,000 after the theft of a company laptop containing the personal information of over 600 Massachusetts residents.

More Americans Pay Car Loans Before Mortgages

April 2, 2012: 

Americans are prioritizing their debt payments by opting to pay their car loans before mortgages and credit cards, according to an analysis by credit reporting bureau TransUnion.

Home Owners Planning Remodeling Projects This Year

April 2, 2012: 

Seventy percent of home owners surveyed say they intend to take on a home improvement project this year, and they plan to spend about $3,500 on sprucing up their home, according to the survey. That’s an increase of about $100 compared to last year.

Fed Targets More Banks for Foreclosure Errors

April 2, 2012: 

A $25 billion foreclosure settlement among the nation’s five largest banks and federal regulators isn’t the end to regulator’s efforts to repair the wrongs from lenders’ foreclosure abuses. Regulators are casting a wider net on the number of banks they’re eyeing to punish for wrongful foreclosure practices.

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