Mortgage disclosure amendments do more harm than good

Latest proposal favors brokers, shortchanges borrowers
Published on Nov 29, 2004

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by CareyBot

“The grapevine says that the Department of Housing and Urban Development (HUD) is seriously considering a proposal by the National Association of Mortgage Brokers (NAMB) for amending mortgage disclosure requirements. Is their proposal good for borrowers?” Yes and no. It ...