The Consumer Financial Protection Bureau first put out a “Know Before You Owe” draft mortgage statement several months ago. It attempted to convey, in one page, all the information a prospective mortgage purchaser would need to make an informed decision about the fee schedule, terms of the mortgage and closing costs, and to be able to compare different mortgage products. It’s now up to three pages, but still worthwhile.
CFPB Ramps Up Mortgage Disclosures, Proposes Ban on Some High-Cost Mortgage Fees |
| By: David Dayen Tuesday July 10, 2012 6:32 pm |


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