Real estate blog entries tagged with lo comp by Fred Glick RE & Mtg Broker, fredglick.com (U S Spaces & U S Loans Mortgage)

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Home : Blogs : Fred Glick RE & Mtg Broker, fredglick.com : CNBC Pundit Fred Glick on Real Estate & Mortgages : Tag "lo comp"

lo comp: L O Comp Must Change - 12/06/11 05:47 PM

The people and mission of the CFPB is to make sure that the Consumer (yes, the first name of the organization) are not ripped off.But, did the Fed LO Comp rule promote the abuse of the public? Let's look at how.1. No discounts from yield spread. You can't help someone by paying anything. Have an extension because of a review appraisal ordered by a lender that ordered the original appraisal from the AMC that they hired? Too bad, consumer pays. 2. Lower loan amount borrowers either pay points (lots of them) or they go to a bank that can charge them up front AND make … (0 comments)

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