Our Blog -- Investments, Mortgages and Advice

Governor Schwarzennegger signed several new laws yesterday to further protect current and future homeowners during these turbulent times.

From the Merced Sun Star -- "The new laws include provisions that will make it illegal for loan modification firms to collect up-front fees; establish standardized licensing requirements for mortgage lenders; enact new consumer protections related to reverse mortgages; make it a felony to commit fraud in connection with a home loan application; require mortgage documents be made available in several languages besides English; and mandate that buyers of foreclosed homes be allowed to choose which title and escrow companies they hire."