The CFPB Outlines Possible Mortgage Rules

New mortgage rules would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market by January 2013.

‘Super Committee’ Fails, Triggering Across-the-Board Budget Cuts in 2013

The “super committee” charged with cutting $1.2 trillion from the U.S. budget over the next 10 years announced Monday that it would not be able to reach an agreement by its Nov. 23 deadline.