Canadian banks agree to waive war clause for soldiers' mortgage insurance - 2007-02-13
The Canadian Bankers Association declared that the financial institutions it represents have all agreed to waive an exclusion clause that's created mortgage problems for widows of soldiers killed in Afghanistan.
Spokeswoman Maura Drew-Lytle says various banks will not apply an act-of-war clause that prevents clients from having their mortgage insurance covered. The decision comes after several widows have had trouble getting their mortgages paid because their husbands were killed in combat in the country.
Read the full story at Canada.com

Az moves to regulate refinance mortgage lenders - 2007-02-13
Many of the people in Arizona who assist home buyers finance what is often the biggest purchase of their lives are not licensed. In the rapidly expanding refinance mortgage industry, many of these unlicensed people who handle home loans can put consumers at risk. If home buyers obtain a bad loan with a high interest rate and extra fees, they are stuck. And if unlicensed mortgage officers scam customers or engage in mortgage fraud, it's difficult to hold them accountable.
Read the full story at Tucson Citizen