There is another issue here and that is, even with all these innovations, the question is what happens if the individual borrower discovers that they have been misled or that the t...
There has been some concern that large companies will have an advantage in offering these GMP's.
Secretary Mel Martinez should be commended for his effort to streamline the homebuying process.
The Rule that you are proposing would rectify this.
We all agree that the disclosure now is inadequate and we have to do something.
A third way to get at, maybe not directly this problem, but to respond to some of the discussions.
we have to go back to the first point, which is accurate transparent disclosure of the fees.
The current system does not provide that transparency.
So there is a possibility that in September 2004, this system will not be deployed?
The sooner these plans are presented to us, the more opportunity we will have to look at your proposals.
You are going to have to replace them is my point.