Mortgage Brokers Listen Up!…Disclose All Fees Upfront and Throw Out The “Garbage” Fees….

By BOB TEDESCHI, The New York Times…..
BORROWERS lucky enough to secure a mortgage in the current lending environment have a good amount of leverage when negotiating fees with brokers, who are increasingly starved for business.
The problem is, many people have little idea what constitutes normal closing costs for their loans. In fact, relatively few borrowers [...]

The Not So Good…The Bad…and The Ugly

BAD NEWS: The forgettable first half of 2008 is stumbling to a close. On Friday, the Labor Department reported that American employers axed 49,000 jobs in May, the fifth straight month of job losses—an event that signals a recession sure as the glittery ball dropping on Times Square augurs a New Year. The report, which [...]