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Michelle Pandy
louisville
Mortgage Louisville Guy 89
Interests: Mortgage, Home Loan, Refinance
Recent Activity
I have enjoyed reading your blog. I have worked in the mortgage industry for the last 13 years. I think you are exactly right and that there are disadvantages either way. However this issue could be solved by requiring education with a simple 30 to 45 min. video just like we require in the student loan market. Then you could require the borrower to answer questions. However you may want to ask, do the people in this business really want to educate their borrowers. As you can see from our website, we are very interested in educating our borrowers. We are one of few lenders in our community that put calculators (free) right on our website. Please visit us at www.emortgageLouisville.com
The CFPB's Proposed Mortgage Disclosures and the De-Emphasizing of the APR
by Jeff Sovern One of the big changes in the CFPB's proposed mortgage disclosure forms is the de-emphasis of the APR. The APR has historically been one of the most central Truth in Lending disclosures. For example, for closed-end loans, it must be clear and conspicuous and appear in the "Feder...
I have enjoyed reading your blog. I have worked in the mortgage industry for the last 13 years. I think you are exactly right and that there are disadvantages either way. However this issue could be solved by requiring education with a simple 30 to 45 min. video just like we require in the student loan market. Then you could require the borrower to answer questions. However you may want to ask, do the people in this business really want to educate their borrowers.
The CFPB's Proposed Mortgage Disclosures and the De-Emphasizing of the APR
by Jeff Sovern One of the big changes in the CFPB's proposed mortgage disclosure forms is the de-emphasis of the APR. The APR has historically been one of the most central Truth in Lending disclosures. For example, for closed-end loans, it must be clear and conspicuous and appear in the "Feder...
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Nov 16, 2012
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