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good faith estimate

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More help from Washington … Is this really necessary?

Last year’s Dodd-Frank financial regulation law requires consolidation of some key forms used every day in the mortgage business. Every time I hear that somebody in Washington is going to “simplify” paperwork I know it’s time to duck. Let’s hope this time is different. Continue reading

Closing costs

“I like knowing what something will cost before I commit to it. I’ll bet you do, too. The U.S. Department of Housing and Urban Development has revised some home-loan rules that attempt to give us what we want.”
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