New mortgage rules make some homebuilders nervous

01/14/2013 | Wall Street Journal, The

The new mortgage rules released by the Consumer Financial Protection Bureau limit fees and points to 3% of loan value. That number includes closing costs, which homebuilders who offer mortgages say is unfair and will cost them business. They argue that the efficiency they provide will be compromised, which will slow home sales.

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Wall Street Journal, The

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