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Home » Store » News » HELOC and ARM Disclosure Changes a Concern

HELOC and ARM Disclosure Changes a Concern

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The mortgage industry recently raised concerns about potential changes to disclosures for home-equity lines of credit and ARMs. Comments on the Federal Reserve’s implementation of the Mortgage Disclosure Improvement Act were due earlier this week. Congress included the MDIA in the Housing and Economic Recovery Act of 2008, which became law in July 2008. The MDIA amends the Truth in...
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