New Yorkers pay highest closing costs

Bankrate.com survey finds nationwide dip of nearly 10% Wednesday, July 18, 2007 Inman News A nationwide survey of lenders by Bankrate.com found that while closing costs are lower than last year, residents of some states continue to pay considerably more than others. The Bankrate.com survey — conducted by obtaining six to nine good faith estimates [...]

Is Taxpayers Bail-Out Necessary?

(Riverside Press-Enterprise editorial, April 26, 2007) Good intentions don’t justify state taxpayer subsidies for risky borrowing and poor financial choices. Cracking down on lending abuses would offer a far better correction to the state’s slipping mortgage market. Legislators should reject AB 1538, which would create a fund to help first-time homebuyers refinance their mortgages. The [...]