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New Good Faith Estimate Takes Hold – NY Times

http://www.nytimes.com/2010/02/14/realestate/14mort.html?ref=realestate

“FEW mortgage borrowers have had the fortitude for a thorough reading of all their loan paperwork, often feeling intimidated or overwhelmed by the legalese and numerical complexities in the disclosures. But some mortgage brokers say that such passivity is declining.

A month after new loan disclosure procedures were put in place, some brokers say that borrowers are asking more questions, and are very likely becoming better informed as a result, if a bit frustrated at times. Others report a mere shift in the nature of borrower confusion.”

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Posted in Financing.

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