Housing market crash leads to big changes in mortgage industry

Posted by on Jan 17, 2010 in Housing Market, Mortgage | 0 comments

The crash of the housing market in 2008 led to a big change in the mortgage industry. It deals with Good Faith Estimates.  Before, they were just that – estimates of things like closing costs and monthly payments.  But as of this month, they’re binding agreements.

In this segment, WFAE Morning Edition host Scott Graf discusses the changes with Charlotte mortgage consultant Bill McConnell of the firm Cunningham and Company. More

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