Source:Fed Adjusts Fee Trigger For Home Mortgage Loan Rules (Nasdaq) WASHINGTON -(Dow Jones)- Creditors will face stricter home mortgage loan rules when consumers’ fees exceed $583, the Federal Reserve Board announced Tuesday in a notice. Looking for a home mortgage usually involves you, your money, and a bank officer or a mortgage broker. So what's the big deal? You ask. The end result is the same - you get a mortgage; you get a new house. But these two job types are different and it is important that you at least understand that difference.
