CFPB Director Rohit Chopra on junk fees, the new AVM rule and more
HousingWire Daily
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Discussion on Lenders' Views on Fees and Challenges in the Mortgage Industry
Exploring differing perspectives on lender fees in the mortgage industry, the chapter delves into the debate of whether these fees are rightfully disclosed or should be classified as 'junk fees'. Various associations push for maintaining the current process while acknowledging the need to address challenges like declining volumes and system inefficiencies.
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