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Mortgage Prices

Can You Use the Good Faith Estimate to Shop Mortgage Prices?

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

There are two features of the home mortgage market that thwart all efforts to use the GFE as a shopping tool.

When Banks Compete You Win -- Except When You Lose

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

Consumers shopping for a mortgage who want assurance that all quoted prices are valid should seek multi-lender web sites that post prices received directly from lenders, not prices submitted by intermediaries.