Now the Hard Part: Comparing Mortgage Prices - 2004-04-02
Comparing loans is usually the most difficult part of mortgage shopping. It is important to keep in mind that mortgage packages consist of more than interest rates. They consist of a variety of factors, including when and how the interest rate may change, points, and other fees.

Points are an up-front fee paid to the lender at closing. Each point equals one percent of the loan amount. Points are charged, or paid, to lower the interest rate on the loan.
Read the full story at Berkeley Daily Planet

Senate panel approved mortgage reg reforms - 2004-04-02
A Senate panel okayed a bill strengthening oversight of the federal home loan banking system and mortgage underwriters Fannie Mae and Freddie Mac.

The measure was approved along party lines by the Senate Banking Committee Thursday is a response to problems of accounting irregularities and mismanagement by the mortgage giants.
Read the full story at The Washington Times