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Mortgage Acts and Practices

September 18, 2013
Some lenders are bringing back "lock and shop" programs to help home buyers lock in mortgage rates during their house-hunt so they won't need to fear rising rates.
September 10, 2013
New rules that go into effect on Sept. 30 will place more limits on how much and when home owners can tap the equity in their homes.
September 6, 2013
For the first time ever, interest rates for jumbo mortgage have dropped below the average rates for conforming mortgages.
September 6, 2013
Home owners in California may be less likely to consider a short sale now that the state failed to take action on legislation that would have given a tax break on short sales.
September 4, 2013
The billionaire investor is upping his stake in Wells Fargo, the nation's largest mortgage lender.
August 28, 2013
Proposed revisions to the qualified residential mortgage rule announced today will help millions of people buy homes and strengthen the mortgage market, says NAR President Gary Thomas.
August 28, 2013
Home owners continue to face hassles with mortgages, particularly from servicers who are "sloppy" about loan paperwork and payments.
August 23, 2013
The nation's largest mortgage lender says it's cutting 2,300 employees due to a drastic decrease in refinances because of rising interest rates.
August 21, 2013
Higher interest rates continue to put the squeeze on the number of home owners refinancing, leading to the second consecutive week in which loan demand has fallen.
August 19, 2013
Mortgage giant Fannie Mae might limit its purchases of mortgages that require a minimum down payment of 3 percent.