Wednesday, August 03, 2005

Some say privacy rules hindering mortgage speed

The struggle between privacy rules and speedy credit approvals is front and centre is this article from Market Watch. Some mortgage brokers are arguing that credit freezes and other privacy rules are hindering their ability to provide quick access to credit to their clients, in some cases causing people to lose opportunities to buy houses. The author of the article really doesn't buy that and quotes consumers who are able to obtain mortgages while their credit files are frozen. See: Consumer Watch: Some say privacy rules hindering mortgage speed - Banks - Financial - Real Estate - Specialty Finance - Financial Services - Personal Finance

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