mortgage reform

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.

Fixing Fannie and Freddie:
The Debate Begins

The Obama administration acknowledged Tuesday that major changes must be made to mortgage giants Fannie Mae and Freddie Mac, but indicated that it supports continuing government guarantees in the mortgage sector. But is that a good idea?