Regulators want to give you the right to cancel a mortgage application within three days and get a refund of the fees you paid.
The little-noticed proposal was included in a 930-page document that the Federal Reserve published Monday in the Federal Register. Here’s the proposal; it’s a 6.9-megabyte PDF file.
The Fed’s Proustian tome is a [...]
Posts Tagged ‘secure loans’
3 days to cancel mortgage app
August 17th, 2010 by Mortgage Writer
Tags: borrowers, federal reserve, lenders, money, mortgage brokers, mortgage lenders, mortgage loans, mortgage rates, secure loans
more...Homebuying basics: What is a mortgage
July 6th, 2010 by Mortgage Writer
There is often an assumption that everyone knows what a mortgage is. However, many first time homebuyers only have a very basic grasp of what a mortgage is and what role it plays in enabling them to buy a house. The objective of this article, therefore, is to provide a brief overview of what a [...]
Tags: bank, business, home loans, homebuyers, housing market, interest rates, investors, loan, money, mortgage payments, mortgages, secure loans, subprime mortgages
Economy Expands 3.5 Percent in Third Quarter, Biggest Growth in 2 Years
November 16th, 2009 by Mortgage Writer
The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The Commerce Department’s report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery.
The report, though promising, does not mark the end of [...]
Tags: barack obama, borrowing, economy grew, foreclosure, House Financial Services Committee, secure loans
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