mortgage lenders

Mortgage Reform Could Limit Consumer Options

A federal law that goes into effect Friday is about to change the way mortgage brokers earn their pay. Advocates say the rule prevents mark-ups on loans that pad brokers' incomes, but critics argue the law hurts consumers by narrowing the marketplace and funnels more customers to fewer lenders.

Obama Administration Considering New Mortgage Industry Fees

President Barack Obama%u2019s administration may propose that any government backing of mortgages be funded by fees on mortgage lenders, The Wall Street Journal reported. The administration has not come up with a final plan for mortgage entities Fannie Mae and Freddie Mac, The Wall Street Journal reported without naming its sources. Still, the consensus is that the mortgage market requires some kind of government guarantee.

Do Fannie and Freddie Have a Future?

The future of the government-backed mortgage finance giants Fannie Mae and Freddie Mac, which critics have accused of exacerbating the meltdown in the U.S. housing market, will be discussed next month at a conference sponsored by the U.S. Department of Treasury.