Lenders are upset

Lenders are upset

They say that the rules brought on by the Consumer Financial Protection Bureau go too far in insisting that lenders verify borrowers ability to pay. A new government agency called the Consumer Financial Protection Bureau has been created to protect consumers from...

New mortgage modification rules

The rules for mortgage modification have been eased according to FHFA. They would lower the interest rate to 1/2 % below going interest rates. (big deal) but would not include cn. Worse yet, missed payments would be added to the back end of the loan. Sounds like...