Real estate blog entries tagged with borrower by Mark Warner (RealEspace)

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Home : Blogs : Mark Warner : The Transparent Mortgage Voice - Mark Warner : Tag "borrower"

borrower: Is there a missing puzzle piece in the new GFE? - 01/05/10 03:11 PM

What's missing from the new GFE? Transparency for the borrower is the puzzle piece that is missing. Even though Washington's intent was to make the mortgage transaction more transparent, they have missed the mark again.
The new GFE does help borrowers compare one lender to another - IF they are requesting the same lending product from both lenders. Something that most borrowers wouldn't know to ask for.
The new GFE may save the borrower a few bucks on junk fees and unnecessary lending charges, but what it doesn't do is prevent loan officers from hiking up the interest rate to increase the … (0 comments)

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Mark Warner

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