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New guidelines for home appraisals are causing a stir, particularly in southeast Michigan. Under federal rules passed May 1, mortgage brokers can no longer hire their own appraisers; outside management companies must do the job. Critics say the appraisal process gets skewed because these firms don’t have knowledge of the local market. The problem is so prevalent that many closings are delayed and some deals totally collapse. Flowers have been laid at Karen McGraw’s Connah’s Quay ho

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Random Feed wrote an interesting post today on
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There’s been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usual suspects–Wall Street quants, fly-by-night mortgage brokers, the households themselves–none is an easier target than payday lenders Read the original here: Payday Loans: Do Borrowers Know What They’re Getting?

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
There’s been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usual suspects–Wall Street quants, fly-by-night mortgage brokers, the households themselves–none is an easier target than payday lenders. These storefront loan sharks are portrayed by their detractors as swindlers preying on the desperation and ignorance of the poor. A payday backlash is already well underway–Ohio recently passed legislation capping

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Random Feed wrote an interesting post today on
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BytePro users will be able to store, view, print and securely e-mail documents directly from within BytePro at no additional cost. Kirkland, WA ( PRWEB ) March 16, 2009 — Byte Software, an innovative leader in secure, affordable loan origination software for banks, credit unions and mortgage brokers announced today the addition of Electronic Document Management to its BytePro software at the Mortgage Bankers

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