New Consumer Mortgage Disclosures

Posted on January 4, 2010. Filed under: Industry News | Tags: |


January 1st marks the time that all lenders will begin presenting uniform loan information for consumers.  All lenders will present the exact same data to even the playing field.  Details here http://tinyurl.com/ye33z6d.

The biggest changes involve the Good Faith Estimate and the fact that lenders will now be responsible for covering the cost of changes that occur between the original Good Faith Estimate and final HUD (if outside of a set tolerance).

Please contact me with questions michael.pfeffer@pncmortgage.com

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