Topic - Faith Estimate

• Mortgage Q&A: Loan costs clearer on old form

  I read a short article in the newspaper last week about the Consumer Financial Protection Bureau's desire to make mortgage disclosures easier to understand.

• Mortgage Q&A: New form confuses refi costs

  Among the byproducts resulting from the mortgage meltdown and subsequent credit crunch is a newly designed Good Faith Estimate (GFE) to be presented at the time of loan application. The new form is unarguably far worse than its predecessor in terms of clarity, accuracy and ease of understanding.

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