Industry NewsMortgage

Complex loans more costly for borrowers

HUD: Closing costs study validates RESPA reform
Published on May 30, 2008

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by CareyBot

Complex loan arrangements raise the cost of borrowing for home buyers. Loans made by mortgage brokers are more expensive than those originated by direct lenders. Fees for title services can vary considerably. Almost half of real estate agents charge less than 6 percent commissions.

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