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Real Estate & Property Law

: Housing Wire

Revised Early Cost Disclosures Finalized by Fed

By DIANA GOLOBAY

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The Federal Reserve approved final revisions to the Truth in Lending Act late last week. The finalized requirements made by the Fed for mortgage loans will provide early cost disclosures to borrowers under the Mortgage Disclosure Improvement Act (MDIA), enacted in mid-2008. Under MDIA, creditors must give so-called “early disclosures,” or good faith estimates of mortgage loan [...]

Full post as published by Housing Wire on May 11, 2009 (boomark / email).

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