Posted To: Pipeline Press

Remember in the old days when all you had to worry about was trying to decipher lyrics from folks like Mick Jagger and Van Morrison? Instead we are "privileged" to have received dozens of investor updates in recent days, most dealing with the congressionally mandated g-fee increases . "I've been in the mortgage industry for 25 years as a broker and banker. I've been getting these letters and emails all day long. I don't think I have ever seen lenders send me detailed explanations about why they are increasing interest rates on a specific day and time in the future. America now has a National Mortgage Tax . It would be interesting to see how many in Congress voted for this, who had previously vowed never to vote for a tax increase." The bulk of the announcements began in a similar fashion. ...(read more)