Word: mortgagee
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Who needs $8 billion? That's how much consumers overpay in mortgage fees each year, according to the Department of Housing and Urban Development (HUD). Yet last week HUD withdrew a proposal that would force mortgage lenders to bundle fees into a simple binding quote that consumers could use while...
--Demand your HUD-1. This form lists all mortgage costs and must be made available 24 hours before closing. Compare it with the costs on your good-faith estimate.
A few years ago, the galloping stock market promised to put a Hummer in every garage and lower the retirement age to 37. Today, with real estate prices soaring, refinances booming and mortgage rates skimming bottom, Americans look at their homes rather than their tech stocks as gold-stuffed pinatas...
At least his profession has company. Stress is spreading across the economy. With more than 2 million jobs lost over the past three years and outsourcing looming, you don't have to be an NBA coach to feel the heat. Every corporate manager with a mortgage and an eye on...
MUHLENKAMP: We know some people who regret buying tech stocks. We don't know anybody who regrets putting money in their home. If mortgage rates got to 7%, it would make a dent. But rates now are at 5.5% or so, and long-term studies show that this is a...