Mortage Fed Adjusts Fee Trigger For Home Mortgage Loan Rules (Nasdaq) by Home Loan

Fri, 07 Nov 2008 19:00:06 -0700

Mortage Fed Adjusts Fee Trigger For Home Mortgage Loan Rules (Nasdaq)

by Home Loan @ Fri, 07 Nov 2008 19:00:06 -0700

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. Home is where the heart is. That much is true. But home is also where money is. As the saying goes, "There's nothing like a home for a good investment." Touché. This is why for most people, buying a new home is probably the biggest financial decision they'll ever have to make.


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