Majority of Realtor associations tap late fees to boost bottom line: NAR

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR’s inaugural Association Profile. Continue reading

Federal consumer watchdog flags mortgage servicers’ junk fees

The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Continue reading