Real estate blog entries tagged with good faith estimate by Mortgage Financial Group, Inc.

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Home : Blogs : Gerry Suarez Jr- Your FHA Loan Pro! : Your FHA Loan Pro! FHA Loans, VA Loans, USDA Rural Development and Down Payment Assistance Info for Florida : Tag "good faith estimate"

good faith estimate: The road to hell and the new mortgage disclosures, version 2011 - 05/18/11 09:12 PM

Back in December of 2009 we were coming to the realization that new mandated mortgage disclosures where likely hurting more than they would help. Check out this link for some of that history, The road to hell and the new mortgage disclosures.
Fast forward to May, 2011. The now famous Consumer Financial Protection Bureau (CFPB) has just released copies of two forms being considered to replace the Truth in Lending (TIL) and Good Faith Estimate (GFE 2010) forms currently being used. The "know before you owe" effort is laudable since the forms we have now are nothing but cumbersome, unfortunately it … (4 comments)

good faith estimate: The road to hell and the new mortgage disclosures - 12/21/09 07:43 PM

Beginning January 1stthe new and improved Good Faith Estimate (GFE) will be required for all mortgages. What does this mean to you the consumer? It means you will be confused like never before.
That's not the intent behind the new disclosure. Indeed our government spent upwards of 7 years researching and perfecting a form that would make shopping for a mortgage as transparent as possible. As they say the road to hell is paved with good intentions; and although this new disclosure is intended on improving consumer's understanding of the loan they are applying for, it falls woefully short.
So … (66 comments)

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Mortgage Financial Group, Inc.

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Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!

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