A weekly look at the weekend's news wire, brought to you bu=y HoussingWire.
The most interesting news is that Regulation Z becomes effective today. hTis is a monthly payment disclosure within mortgages that is similar to the one imposed on credit cards awhile back. The full paymnet shcdule of loans, along with the corresponding intest rates musy now be disclosed to the borrower rather tha just the patment amount.
The more disclosure the better in my opinion and this will be particularly helpful to borrowers with ARMs.
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