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Entries Tagged as 'lenders'

Denied a Loan? New Law Promises Full Credit Score Disclosure

July 7th, 2011 · 3 Comments · Credit Bureaus and Scores

Starting July 21, lenders that turn prospective borrowers down for a credit card, auto loan or student loan will be required to provide full-disclosure of the credit score used to make the decision, as well as other relevant information.

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Pay Day Loan Extension Bill Introduced in Arizona

January 25th, 2010 · No Comments · Banking, PayDay Loans

Once again, the Arizona State Legislature has decided that voter approved legislation should be repealed. This time it’s AZ Prop 200, the banning of the Payday Loan industry. Having lived in the state all my life, I can recall other times. One of them: medical marijuana, supported by 65% of the voter population in 1996, [...]

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New Rules Force Full Disclosure of Mortgage Costs

January 6th, 2010 · 2 Comments · Banking, Mortgages

The first piece of mountain of paperwork a mortgage borrower will deal with other than the loan application is the Good Faith Estimate. A good faith estimate is required by the Real Estate Settlement Procedures Act (RESPA) and must include an itemized list of fees and costs associated with a loan. By law, it must [...]

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Feel Like Sticking It to Your Mortgage Lender by Walking Away?

December 3rd, 2009 · 7 Comments · Mortgages

Feel like sticking it to your mortgage lender by walking away? I have heard more than a few friends go into rants about how much they hate their banks and how the banks are all evil and “out to get you”. I’m sure you’ve been witness to this kind of anger. These people want to [...]

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