Will Mortgage Reform Cause Rates to Rise?

Tuesday, 24 August 2010, 22:19 | Category : Mortgage News, Published Home Financing articles
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Mortgage guidelines have tightened to the point that very few borrowers qualify for home refinancing.  Home loan rates have dropped to record lows again. Bankrate.com reported 4.51% for 30 year fixed rate home loans and 3.51% for 5 year ARMs. Recently, these rates have been depressed by the United States’ reputation as a safe haven in [...]

Mortgage Reform and Consumer Protection Act

Tuesday, 24 August 2010, 22:02 | Category : Mortgage News, Published Home Financing articles
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President Obama recently signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (AKA, the “Financial Reform Act”).  It is difficult to predict all of the ramifications of the Financial Reform Act because many of the provisions provide for future regulatory measures.  The Obama Administration has made it clear that they want to [...]