The Federal Trade Commission has issued a final rule that requires the three major credit-reporting agencies to provide consumers with a free copy of their credit report once every 12 months.As mandated by Congress, the final rule requires Equifax, Experian, and Trans Union to create a centralized facility that consumers can contact by mail, the Internet, or a toll-free telephone number to request a free credit report. Access to free credit reports is being phased in, however, and it will not be universal until Sept. 1, 2005. Eligibility for free reports depends on the state where the consumer lives. Western states will become eligible on Dec. 1, 2004; Midwestern states on March 1, 2005; Southern states on June 1, 2005; and Eastern states and all U.S. territories on Sept. 1, 2005.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
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The top five producers had an average dollar loan volume of more than $140 million in 2023.
April 23