Hearing on Predatory Lending: Cuyahoga County Treasurer
The Oversight Subcommittee on Domestic Policy takes an in-depth look at the predatory mortgages, payday loans, and foreclosures that plague inner-city America. This will be the first in a series of hearings Subcommittee Chairman Kucinich plans to hold looking at various issues afflicting urban America. Here James Rokakis, Treasurer for Cuyahoga County, Ohio, discusses the problems that such lending practices have caused for his community.
Reverse Mortgage Solutions (RMS) announced a partnership that enables Lender Processing Services (LPS) to offer RMSs reverse mortgage origination and servicing technology to lenders. Currently, RMS is the only provider of both an …
The Council of Mortgage Lenders (CML) has announced a further fall in lending for the month of September 2008, down 10% from August. Gross mortgage lending reached an estimated 17.7 billion in September, a decline of 10% from August …
Thirty Years of the US 30-Year Mortgage - Paul Kedrosky - Lots of people noticing today that for various technical reasons, US 30-year fixed mortgage rates are back to levels last seen when Freddie/Fannie were nationalized. …
From this year’s Fiscal Fright jack-o-lantern series — Jack-o-lanterns are serious business in my house. Yet, I knew it was going to be hard to top last year’s excellent Jack McCoy-o-Lantern. A political theme was possible, …
According to Freddie Mac, a basic 30-year fixed rate mortgage could be had for 6.46 percent thats up from 5.94 percent the week before. In both cases you need to add .6 percent for points to get the full rate. …
The Hope for Homeowners program will continue FHAS existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the program, certain borrowers facing difficulty with …