May 23, 2011 11:29AM I don't know if this quite falls under the "No good deed goes unpunished" category, but the proposed simplified combined version of the GFE and TIL is coming under pressure already." Industry groups say the revisions may lead to limits on innovation and variety in lending, while consumer advocates are resisting changes that might limit borrowers' right to sue to stop a foreclosure." CanWeAllBeHappy? The latest Dodd Frank turmoil is over appraisers. Under the Act, lenders are now required to pay ... May 23, 2011 4:09PM Home loan borrowing costs continue to hover near seven month lows. Continued improvements have however been hard to come by since the recent rally hit a wall. We've entered a period of stagnation. Sideways behavior is apparent in the chart below of Consumer Rate Quotes. If the line is moving up, origination costs are rising for the particular note rate offer. If the line is moving down, costs are getting cheaper. The chart above compares the average origination costs (as a percentage of loan amount...
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