Make sure you do your homework on mortgages before you sign anywhere.

This may sound like common sense, but you would be surprised how many folks get burned by slick mortgage brokers.  Many people do not understand the process or dubbed by hidden fees and fast talkers.  When you contact Neptuneblu, we'll recommend a lender. We recieve nothing from this and my referral will be to someone whom I've personally used numerous times. She has my complete trust. Considering there is thousands of dollars at stake with dishonesty, trust is extremely important.  Don't hesitate to contact Neptuneblu for any questions....  below are some measures congress is proposing to protect consumers against predatory lenders, as well as helping out with the rising tide of foreclosures...

Congress Takes on Lending Industry
Congress is targeting the rising tide of home foreclosures and the sagging subprime loan business, and its efforts are likely to result in changes in the way the home finance industry does business.

Here are some key proposals on the table:

• Impose a six-month national moratorium on foreclosures.

• Increase federal support for local foreclosure prevention programs.

• Strengthen the Federal Housing Authority and give it a "rescue fund" that would allow it to buy failed mortgages and restore credit on the loans.

• Increase penalties on banks that violate federal lending laws.

• Extend federal regulations to mortgage brokers and other loan officers who are now only regulated by state laws.

• Create a federal anti-predatory lending law.

• Establish a federal standard for a borrower's ability to pay.