FedFin on: Closing In on Closing Costs
As anticipated, the CFPB has advanced its campaign to quell mortgage closing costs. But, unlike our forecast, the usually-aggressive agency is sliding into this debate with only a request for information (RFI) asking lots of questions we though the CFPB had already answered to its own satisfaction given a prior study and much ancillary “junk fee” commentary from Director Chopra and even the White House NEC Director.
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