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Mortgage Shopping

If Borrowers Owned Their Appraisals, They Could Shop for a Mortgage Effectively

Jack M. Guttentag | Posted 11.11.2014 | Politics
Jack M. Guttentag

The difficulties borrowers face when trying to shop for a mortgage could be fixable by changing the disclosure rules, but certain market practices also need to be changed. The key to a fix is to make appraisals portable.

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.