The video is fine...must be your system that was having difficulty with the video.

It is difficult to believe that anyone would sign their name on a loan that was not explained to them...but I suppose it happens...as many home buyers are excited to get through the process.

Too bad it takes a law to actually protect consumers from the greed that is out there.

Things will not change until the power is placed back in the consumers hands...not likely anytime soon!

Thanks Clark!
These requirements will help with structuring the costs of getting a mortgage between lenders and closing attorneys. In my 18 years as a Georgia Realtor I have seen closing cost categories on settlement statements vary depending on the closing office. The lenders that I recommend to my clients have always provided accurate loan cost estimates in good faith estimates, but there are many that promise one thing and deliver another.
Borrowers need to realize that they too have the responsibility of supplying requested documentation to their lender in a timely manner, in order to get the disclosures and close their home loan on schedule, or risk being inconvenienced by unexpected delays.