rules

Are the new home appraisal rules good for consumers?

Posted June 30, 2009 - 13:34 by Xin Lu

Personal Finance, Real Estate and Housing, Consumer Affairs

On May 1st a new set of home appraisal rules called the Home Valuation Code of Conduct was put into effect by Fannie Mae and Freddie Mac in order to distance realtors and mortgage brokers from appraisers. This was put in place because during the housing bubble appraisal fraud was rampant and some appraisers felt pressured by realtors and brokers to hit the desired numbers. How is this affecting consumers?

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How will the new credit card rules affect consumers?

Posted May 19, 2009 - 18:17 by Xin Lu

Credit Cards, Consumer Affairs

Today a new bill was passed by the U.S. Senate with the intent of restricting abusive practices in the credit card industry. A House bill was passed on May 12th and will be reconciled with the Senate version and President Obama hopes to sign it before Memorial Day. So what does this bill contain and what does it mean for consumers?

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