Mortgage closing fees are in the hot seat. Here's why the feds are looking into them.
CBSN
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Here's a deeper dive into the additional mortgage fees buyers pay before getting the keys to their new home and why five types of charges in particular are currently being looked at by the CFPB.
Washington — An independent panel tasked with reviewing the July assassination attempt against former President Donald Trump in Butler, Pennsylvania, found the Secret Service suffers from "deep flaws" that enabled the attack at the Trump campaign rally, and called for the agency to undergo "fundamental reform" to carry out its mission of protecting top government officials around the world.
There is a new wave of calls for Congress to return to Washington to respond to the growing costs of Hurricanes Helene and Milton. Multiple members of Congress from hurricane-ravaged states have issued new calls for the U.S. House and Senate to respond to the depletion of funds from the U.S. Small Business Administration disaster loan fund.