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  • Mary K. Lenahan, J.D., Realtor

NY Times: Problems With New Good Faith Estimate Forms


The New York Times  

Pasadena Home in Madison Heights Neighborhood

Pasadena Home in Madison Heights Neighborhood

The revamped Good Faith Estimate form, which arrived just over a year ago, has helped give home buyers and homeowners looking to refinance their mortgages a better understanding of their borrowing costs. 

But industry experts say the three-page, line-by-line disclosure — which lenders must provide within three days of receiving a loan application — still falls short of telling borrowers exactly what they will be paying. Some in the mortgage industry complain that it can even distort or obscure the true cost.

Read the full story

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Mary K. Lenahan, JD, Realtor
Beautiful-California-Homes-For-Sale.com
(626) 798.9050
Mary.Lenahan@Dilbeck.com
Your Business & Referrals Are Appreciated!
DRE 01867737
  
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2 Responses

  1. Its a ice post. thanks for sharing.

  2. […] NY Times: Problems With New Good Faith Estimate Forms (mklenahan.wordpress.com) […]

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