The Florida Association of Mortgage Brokers has purchased radio advertising time in Washington to run commercials opposing the current proposal to reform the Real Estate Settlement and Procedure Act.The advertisements call on the Department of Housing and Urban Development to reconsider the effect of bundling mortgage closing costs. The FAMB said bundling could lead to higher closing costs and less control over the quality of the services and could create a windfall for larger lenders at the expense of the consumer. The commercials can be heard at http://www.famb.com/samplesoundpage.htm.
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