In a “no cost” loan all reasonable and customary non-recurring closing costs* except transfer tax are paid by the lender. This is done by a rebate to the mortgage broker who deposits to escrow funds from the rebate to pay non-recurring closing costs. ( This is not available in purchases in counties where buyer customarily [...]
Like anyone else with three hundred petro-sucking, rumbling, hungry horses living in his grossly overpowered SUV, I no longer look forward to gassing up. With oil at $30 a barrel, my posse now takes $70 worth of high-calorie gasoline to feed.
Already early sales stats coming out of [...]
Who’d have thought that airline miles would overtake dollars as the most popular form of currency? Well, perhaps we haven’t gone that far, but miles have proven to be a great incentive for getting people to spend greenbacks in certain places.
Up until now, you have been able to get miles for giving [...]
by David Sands, Partner
Troop Mesinger Steuber & Pasich, LLP
The Federal Reserve Board recently issued proposed commentary under Regulation B (Equal Credit Opportunity) that would clarify several issues which have arisen as a result of the use of credit scoring systems, spousal signature rules and the gathering of information for monitoring purposes. [...]