Are buyers are being provided with too much information when hunting for a mortgage? Does disclosure of complex transactions, such as yield spread premium (YSP), confuse homebuyers and lead to poor financial judgment? These are the issues being looked at by the Federal Trade Commission (FTC). A report that is scheduled to be released soon already has the National Association of Mortgage Brokers (NAMB) considering changes in mortgage disclosure forms.
Stay tuned...
Source: Realty Times
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