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Homebuilding rises in October, provides more options for buyers

11.20.2012

October nationwide housing starts increased 3.6 percent to an annual rate of 894,000 units.

A thinning property inventory left borrowers with limited options to make the transition to homeownership so far this year.

CFPB examines fraudulent mortgage ads for Veterans, seniors

11.20.2012

Some loans offer rock-bottom mortgage rates for Veteran and senior borrowers.

Fraudulent mortgage advertisements can target anyone, but Veterans and senior borrowers may be especially susceptible.

CFPB extends Truth-in-Lending start date

11.19.2012

The Truth-in-Lending Act requires financial institutions to outline specific costs of taking on a mortgage.

In an effort to make the mortgage industry a safer place for borrowers, during recent years, a number of government agencies implemented new rules and regulations for financial institutions.

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