http://firsttuesdayjournal.com/new-hud-loan-cost-disclosure-form-not-to-be-used-in-california/ Tue, 22 May 2012 11:15:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://firsttuesdayjournal.com/new-hud-loan-cost-disclosure-form-not-to-be-used-in-california/comment-page-1/#comment-50743 Glenn E. Thu, 03 Dec 2009 16:46:47 +0000 http://blog.firsttuesdayjournal.com/?p=1986#comment-50743 In the article on HUD disclosures you state that First Tuesday has always advised borrowers to submit double applications. I find this deplorable. You can't castigate for "gaming the system" as you do and deem it an appropriate response. How about "Do not sign any Estimates of Good Faith until they are fully understood and do not hesitate in making the preparer explain anything that needs clarification." Your solution exacerbates the problem and doesn't help change the behavior of the loan brokers. In the article on HUD disclosures you state that First Tuesday has always advised borrowers to submit double applications. I find this deplorable. You can’t castigate for “gaming the system” as you do and deem it an appropriate response. How about “Do not sign any Estimates of Good Faith until they are fully understood and do not hesitate in making the preparer explain anything that needs clarification.” Your solution exacerbates the problem and doesn’t help change the behavior of the loan brokers.

]]>