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The federal government’s efforts to eliminate settlement cost surprises for home mortgage applicants may have opened the door to a new – and potentially costly – set of consumer problems. Starting Jan.
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New York City-based lender Shellpoint Partners. “The pendulum has swung too far in the other direction,” Ranieri said. “Mortgage payments are being precluded from home ownership due to banks’ rigid.
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The fair housing center Monday hailed the commitment as a “very significant settlement” with the potential to make a difference in neighborhoods that have been largely ignored by traditional lenders .