Latest Mortgage protection News

Sale of single premium PPI is to be banned

The Competition Commission (CC) has published its final report into the Payment Protection Insurance (PPI) market. Commenting on the Competition Commission's final report into PPI, Ian Williams, director of communications at moneysupermarket.com, said: "As a product there is nothing fundamentally wrong with payment protection insurance; indeed ABI stats recently showed a 118 per cent increase in unemployment claims on PPI policies demonstratin... [more]

A typical family could easily save over £2,350 each year in its insurance bill

With simple steps, a typical family can save over £2,350 each year on its insurance fees. Insurance is a vital part of everyday finances for us all, but there is no need to pay over the odds for it. Andy Leadbetter, managing director of insurance at moneysupermarket.com, said: "While insurance is essential for financial security and peace of mind, it is important Brits only opt for a level of cover relevant to their needs, and at the best ava... [more]

Consumer-protection bureau needs time to settle in

WASHINGTON — The financial-reform bill recently signed into law by President Obama may look like a cornucopia of helpful changes for homebuyers and loan applicants — not the least of which will be the creation of the powerful Consumer Financial Protection Bureau to ride herd on the mortgage-lending industry.

Lehman's Eurosail Mortgage-Backed Bond Isn't in Default, U.K. Court Rules

Investors in a mortgage-backed security sold by Lehman Brothers Holdings Inc. have lost their application for the notes to be declared in default.

The Nation's Housing: Consumer protection bureau needs time to settle in

WASHINGTON The financial reform bill signed into law by President Barack Obama may look like a giant cornucopia of helpful changes for homebuyers and loan applicants -- not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending ...

What the new consumer protection bureau will do for home buyers

The agency is expected to move quickly to revise rules on real estate appraisal accuracy and independence. The financial reform bill signed into law by President Obama may look like a giant cornucopia of helpful changes for home buyers and loan applicants, not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending industry.

Housing: What protection bureau can promise consumers

WASHINGTON - The financial-reform bill signed into law byPresident Obama may look like a giant cornucopia of helpful changesfor home buyers and loan applicants - not the least of which willbe the creation of a powerful Consumer Financial Protection Bureauto ride herd on the mortgage-lending industry.

Effects of financial reform law might not be felt for a while

The financial reform bill signed into law by President Obama might look like a cornucopia of helpful changes for homebuyers and loan applicants -- not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending industry. But how ... Law - United States - Politics - Business - Health Care Reform

Two Livingston County businesswomen charged in mortgage scam

A Livingston County businesswoman and her employee are two of the 10 people charged Thursday for defrauding Michigan families out of thousands of dollars in a foreclosure-rescue scam. Michelle Rene Garbuschewski, who also uses the name Michelle Justice and owns Howell's Elite Mortgage Relief, is facing two counts of obtaining at least $1,000 but less than $20,000 under false pretenses while ...