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Loan Fees

September 06, 1998

* Your Aug. 28 editorial (and article) about lenders who squeeze outrageous fees out of home buyers at closing time has one important element missing--you don't name names. One of the best ways to put a stop to such egregious practices would be to expose them in the media, not only by lamenting them, but also by including the names and locations of institutions that engage in them, and the names of the officers and executives who put them into place.

It would also be helpful to know exactly who in government was responsible for passing a stupid law which supposedly prohibits these practices but provides no penalties for those who violate it. Here again, names need to be named--and until they are, nothing will change.

KEN WEINBERG

Los Angeles

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