Merrill Lynch has announced a limited-time offer under which clients can earn rewards points and closing cost credits when they finance or refinance their home through Merrill Lynch Credit Corp. and hold a Merrill+ or Visa Signature card.The company said Merrill+ cardholders are eligible to earn up to 45,000 rewards points and a $250 or $500 credit toward closing costs when they obtain a Merrill Lynch mortgage. Visa Signature cardholders are eligible to earn up to 15,000 points. The offer is valid on applications received by Dec. 31, 2004, in which financing closes after July 1, 2004, and before March 1, 2005, the company said. Reward points can be redeemed for a variety of travel options and merchandise. Merrill Lynch Credit can be found online at http://www.mlcc.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25