Beginner's Information: December 2009 Archives
Today we have the final installment in the series on the new Good Faith Estimate formThe 2010 Good Faith Estimate (Page Three). Your government that should be protecting you from the worst sort of mortgage provider lies is now actively enabling those lies by allowing/making a false statement that the numbers quoted at sign up cannot change.
The second installment in the series The 2010 Good Faith Estimate (Page Two) is now up. Read it and weep - for consumers nationwide who were hoping the government would provide the solution to their troubles. Didn't happen. Instead, it's same old game of low-ball the consumer to get them to sign up, only now the lender is supposed to come clean at a point which is too late for anyone to change loans. Exactly how does that benefit consumers?
The third and final installment will publish tomorrow.
It's been a while, but the most recent Transaction From Hell (seller's tenants didn't want to move out - or even let inspectors in) is finally over and I've had a little bit of chance to recover. Today's new consumer article is The 2010 Good Faith Estimate (Page One). Read it and weep - for consumers nationwide who were hoping the government would provide the solution to their troubles
I intend to have more for tomorrow.
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