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Loan Modification

: Mortgage Lender Implode-o-Meter

New HUD Mandated Mortgage Good Faith Estimate Form Provides New Layer of Confusion for Home Buyers Regarding Broker Compensation, Transparency

By Implode-Explode Heavy Industries

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"While a newly mandated HUD 'Good Faith Estimate' form may have been created to "provide borrowers an easier means of comparing loan offers?" mortgage brokers like Mike Sanborn of Saint Lawrence Mortgage argue the new form simply does not provide needed transparency or answers to the borrower's most important questions - How much am I actually spending? How can I be sure I got the best deal possible?"

Full post as published by Mortgage Lender Implode-o-Meter on January 14, 2010 (boomark / email).

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