he read my mind on this one. i looked at home mortgates for the first time this past summer and my biggest complaint was how to compare one against the other. it's a very tricky business. There are points and then there are various interest rates and then there is the combination of both. Then there are the various "junk fees" and other fees. it's not surprising that so many people fell into a pit this year.
here is what obama proposes:
Combating Fraud: Obama would institute tough new penalties for those who
commit mortgage fraud, and create a uniform HOME SCORE that would allow
consumers to compare various mortgage products so that they can determine which
mortgage best fits their needs and financial situation.
