Federal bank regulators sent out a letter this week describing lending practices they consider to be predatory, warning that they expect lenders to “treat consumers fairly, adhere to all applicable legal requirements, and underwrite loan products appropriately.” The Federal Deposit … Continue reading →

Towards a solid recovery towards the end of 2007. One sign is the demand for home loans swelled 16.6 percent during the week ended Jan. 5th according to the Mortgage Bankers Association. Requests for purchase loans were up 16.2 percent … Continue reading →