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Fannie Mae to Debut "True Cost Calculator" in May

Thursday January 20 by Claudia bournehomes.com
A mortgage calculator that allows home buyers to compute the full and complete cost of financing will be available to consumers in early April. The "True Cost Calculator" is part of a proposal by Fannie Mae, the big federally-chartered financial institution which brings money to housing finance, to create a mortgage consumer's bill of rights that also includes the right to know what is behind the lender's decision to reject a loan applicant.





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