Government adds to housing costs

Government adds to housing costs

Gattuso and Utt discuss several problems with mortgage closings. Aside from a new home's high sales price, the cost of financing a home is made larger by federal regulation, with the US Congress and the administration having the opportunity to make federal regulatory changes that can yield cons...

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Veröffentlicht in:Consumers' research magazine 2003-08, Vol.86 (8), p.15
Hauptverfasser: Gattuso, James, Utt, Ron
Format: Magazinearticle
Sprache:eng
Schlagworte:
Finance
Home financing
House buying
Laws, regulations and rules
Mortgages
Regulation X
RESPA 1974-US
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Beschreibung
Zusammenfassung:Gattuso and Utt discuss several problems with mortgage closings. Aside from a new home's high sales price, the cost of financing a home is made larger by federal regulation, with the US Congress and the administration having the opportunity to make federal regulatory changes that can yield considerable savings. The proposed Real Estate Settlement Procedures Act reform is also discussed.
ISSN:0095-2222