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Groups contend Arizona bills cross legal lines (AP)

AP - The Arizona Supreme Court is being asked to overturn the Legislature's use of budget laws to set state policy on topics ranging from teachers' seniority rights and immigration enforcement to mortgage lawsuits and municipal building codes.
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New York law regulates ‘life settlement’ industry (AP)

AP - A new New York law seeks to protect consumers by regulating "life settlements," in which the elderly sell their life insurance for far more than the value upon cancellation to get cash, often to stave off hard times.
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Owner of closed mortgage company returns to NH (AP)

AP - A lawyer for the owner of a closed mortgage company being investigated by the state says his client is back in New Hampshire.
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Consumer Credit and Loans: A Chilly Forecast (BusinessWeek)

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Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Consumer Credit and Loans: A Chilly Forecast (BusinessWeek)

BusinessWeek - During> We> It> With> The> The> Because> Where> What> In> Credit> The> Whether> Nevertheless,> The> The> Just> Home> The> In> Consumer>
Filed Under: Uncategorized by: Yahoo! News: Personal Finance News

Fannie Mae to tighten lending standards: report (Reuters)

A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth set up at the Housing Rescue Fair, part of the National Urban League's Economic Empowerment Tour, in Dallas, Texas June 13, 2009. REUTERS/Jessica RinaldiReuters - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.


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Startups play matchmaker to challenge mutual funds (AP)

AP - If you're unhappy with your mutual fund, you can easily find another. After all, there are nearly 8,000 to choose from.
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Capmark Financial gets OK to sell units (AP)

AP - Capmark Financial Group Inc. said it has received approval to complete the $515 million sale of its North American servicing and mortgage banking units to a joint venture owned by Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.
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Rates on 30-year mortgages sink, match record low (AP)

AP - Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
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Idaho joins fight against foreclosure fraud (AP)

AP - Idaho Attorney General Lawrence Wasden is teaming with federal regulators and 26 other states to get tough on foreclosure rescue fraud.