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Her lender, Mortgage Source of Stillwater, Okla., which offered a better deal than even the bank she works for, prides itself on repeat business.
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But mortgage industry sources believe that the Nationwide's index may have been skewed by a fall-off in mortgage deals resulting from changes to the building society's mortgage range.
Mortgage industry sources have said privately that the quality of the counselors can vary widely, so prospective borrowers will do well to seek reverse-mortgage counselors who have passed an exam designed by the AARP and administered by HUD.
Credit Suisse Group is in late-stage negotiations and has resisted a demand by the agency that it pay between $5bn and $7bn over its sale of mortgage securities, sources have said.
Of course, munis have little to do with subprime mortgages, the source of all the misery.
Credit Suisse Group AG is in late-stage negotiations and has resisted a demand by the agency that it pay between $5 billion and $7 billion over its sale of mortgage securities, sources have said.
Ms. Madigan began investigating Countrywide after her office sued One Source Mortgage, a Chicago mortgage broker that shut down last year.
The inquiry follows an investigation by Ms. Madigan's office into One Source Mortgage, a Chicago mortgage broker that recently closed its doors.
The Illinois suit against One Source Mortgage said the company lured borrowers with misrepresentations about the interest rates on their loans.
Ms. Lund points out that from 2003 to 2007, American homeowners took out $2.2 trillion from home equity loans and mortgage refinancings, a source of economic stimulus that will not return anytime soon.
Recent rises in interest rates, prompted by expectations that the Federal Reserve will start slowing the pace of asset purchases, will take a toll on mortgage refinancing, a source of revenue that has produced great gobs of money for banks in recent years.
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