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Loan Modification

: Loan Modification & Home Loan News

New Mortgage Rules to Help Borrowers at Closing

By Moe Bedard

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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. Under the new rules, lenders will all [...]

Full post as published by Loan Modification & Home Loan News on January 11, 2010 (boomark / email).

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