Mortgage brokers, criticized for their role in the subprime-mortgage mess, are fighting new mortgage-lending rules aimed at preventing another debacle. The National Association of Mortgage Brokers, the industry’s main trade group, has sent alerts to its thousands of members urging them to tell their congressional representatives to oppose the financial-overhaul legislation pending in Congress.
Brokers mobilize against proposed mortgage rules
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
