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Since you asked ... - SalonI am traveling on personal business so the column will be dark on Tuesday and Wednesday and will resume Thursday. Also: In Friday's column , I started out by saying I was not trained or qualified to diagnose anyone, and then I diagnosed someone. You ...
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This is your subprime brain on drugs - SalonCan we blame Wednesday's stock market plunge on human neuroanatomy? Specifically, are we wired to be suckers for subprime loans? Just such a hypothesis is suggested by Jonah Lehrer at the Frontal Cortex blog. (Thanks to Boing Boing for the tip ...
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HUD Unveils "new" Mortgage Disclosure Rules. Yay! Another New Form! - Best SyndicationThe United States Department of Housing and Urban Development ("HUD") today announced new regulations intended to make the mortgage shopping experience more transparent. Whew. And not a moment too soon! The centerpiece of the new regulation is the ...
The 90-Grand Phone Call - Motley FoolFOOL ON THE HILL The 90-Grand Phone Call The current credit system is built to give us easy access to credit. We can get a car loan in a couple of hours and refinance a home in just a few days. It's the same system that enabled crooks to make off ...
In U.S., Foreclosures Open Door To Disorder - Free Internet PressAmong the many harsh lessons for mortgage lenders in the housing bust is this one about evictions: Selling a house is far easier than taking it back. Clever opportunists and struggling families have figured this out, too, and the result is a rapidly ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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