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Effective Jan 1, 2010, Federal Rules Require Mortgage Lenders and Brokers to Give Borrowers Better Estimates of Mortgage Closing Costs – Borrowers Should Beware

January 3, 2010

The Federal Government has become even more involved in the business of mortgages. This time, Uncle Sam’s goal is to help consumers handle the confusing job of selecting a mortgage, selecting a lender, and selecting a mortgage consultant.  On the surface, however, it appears the new regulations will only help a mortgage shopper make decisions based [...]

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