A piece in the New York Times on February 14 chronicles the impact of the new Good Faith Estimate on mortgage lending. The GFE, which took effect on January l, requires loan originators to provide borrowers with binding estimates for all closing costs including those incurred by third party vendors like title insurers and settlement attorneys.
http://www.theclosingblog.com/2010/02/new-gfe-blessing-or-burden.html
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