Clarification: Mortgage appraisers Q&A (AP via Yahoo! Finance) In an Aug. 18 Q&A on real estate appraisals, The Associated Press reported borrowers can help ensure they receive a fair property appraisal by not allowing a lender to pick their real estate appraiser.
Housing and Economic Recovery Act expected to boost market (San Jose Mercury News) The Housing and Economic Recovery Act of 2008, which was signed into law by President Bush on July 31, won't open the floodgates for all buyers, but it is a boon for first-time homebuyers and homeowners struggling with subprime loans, as well as the mortgage industry, according to local
LendingTree, LLC and IMX, Inc. Announce Settlement of Patent Litigation (Centre Daily Times) LendingTree and IMX today announced that they have settled their outstanding patent litigation. The settlement agreement satisfies the judgment entered against LendingTree in favor of IMX, and resolves all claims asserted in the pending appeal of that judgment. As a result of the settlement agreement, the appeal will be dismissed and LendingTree will receive a patent license from IMX.
Opinions (The West Australian) With one of our Big Four banks, Westpac, about to gobble up the fifth biggest, St George, how much competition is there between them? Not as much as we'd like, but more than you may think. In any case, the less than cutthroat competition is partly our own fault.
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