Monday, February 20, 2012
The Consumer Financial Protection Bureau this week will unveil a prototype for a new monthly mortgage statement for consumers designed to clearly show important information from their servicer.
Read the full story
http://www.latimes.com/business/money/la-fi-mo-mortgage-statement-20120213,0,5870776.story
Thursday, February 16, 2012
The Consumer Protection Working Group, formed under President Barack Obama’s Financial Fraud Enforcement Task Force (FFETF), recently convened its first meeting to address consumer fraud, which can financially cripple households and can cause extensive losses to the economy.
The newly created group will work across federal law enforcement and regulatory agencies, and with state and local partners, to strengthen efforts to address consumer-related fraud, including schemes targeting vulnerable populations, such as the unemployed, those in need of payday loans, and those suffering from the burden of high credit card and other debt. The new working group will also focus on scams that exploit prospective students, active-duty military personnel and veterans.
More info
Monday, February 6, 2012
The Wall Street Journal
The nation’s average home size, which peaked at 2,500 square feet in 2007, is expected to shrink to 2,152 square feet by 2015, according to the National Association of Home Builders.
Read the full story
http://blogs.wsj.com/developments/2012/01/18/the-new-american-home-continues-shrinking/
Wednesday, January 25, 2012
The San Francisco Chronicle
Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac said.
Read the full story
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/12/BUPF1MOFAU.DTL
Monday, January 9, 2012
Los Angeles Times
The mortgage market told a sad story throughout 2011: Record low rates, but few people taking advantage of them to buy homes. The likely scenario in the new year, according to many analysts, is more of the same.
Read the full story:
http://www.latimes.com/business/la-fi-mortgage-rates-20120103,0,2240865.story
