New Mortgage Rules to Help Borrowers at Closing
January 11th, 2010
| Tags: home loan news, lenders-will, multiple-ways, the-confusion, under-the-old, vice-president
The main change is how lenders communicate fee information to borrowers. Under the old system, there was no standardized format. “Fees were communicated in multiple ways, which adds to the confusion when comparing costs,” says Keith Gumbinger, a vice president at HSH Associates, which tracks the mortgage market
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New Mortgage Rules to Help Borrowers at Closing
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