Posts with tag good faith estimate

Can consumers get a break, just once? This week, new federal rules go into effect requiring mortgage lenders and brokers to clearly disclose to borrowers the actual costs of their mortgages, including interest rates, fees and penalties. Every borrower must now receive a standard, government-approved Good Faith Estimate,... Continue Reading »

Remember predatory lending? Not long ago the media was full of stories about how unfair and abusive lending practices were cheating people out of their homes. Now, as the economy wobbles down the path to recovery, the government is finally putting into effect some new mortgage rules to protect consumers. Starting New... Continue Reading »