Great Deals Often Have 'Fine Print'

Summary


As owner of a small mortgage company for more than 15 years, I see a disturbing trend in the mortgage business - the industry becoming more irresponsible in its business and advertising practices.

History has proven that when an industry as a whole becomes irresponsible, consumers wake up and file complaints and the government steps in and starts to regulate. While this seem like a good thing for the consumer, history has also shown that too much regulation can be harmful to everyone.

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Extract


Great Deals Often Have 'Fine Print'

Misleading advertising and inferior service is widespread in the mortgage business. Some recent observations aren't pretty.

Consider:

* Homeowners across the coun...

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