The major broker association has been critical of FICOM’s upcoming disclosure rule change. And deterring other regulators from adopting similar requirements is one of its major focuses going forward.
“I’ve had numerous in-person and phone conversations [with FICOM] … when [FICOM announced the rule change], there was nothing in the language that clearly stated they were going to require a dollar amount.”
JUSTINA DA ROSA – Mortgage Broker News – April 22, 2016.
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