Inman AM: A Call For Clarity At The Closing Table

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ADVERTISEMENT Partner InfoNet™ from CoreLogic now includes MLSs in Florida, Virginia, North Carolina and New Jersey. More than 140,000 real estate agents and growing. Revenue sharing and access to innovative data-sharing solutions, like the MLS Data Co-op™. Learn more. TODAY'S TOP STORIES = Premium Member News - Join Now » Wednesday, March 02, 2011 A call for clarity at the closing table By Tom Kelly A big piece of the current mortgage mess can be traced to the fact that borrowers were hit with loan presentations that seemed too good to be true. Mortgage money was easy to obtain, and some lenders raced to sign up as many customers as they could and pocket the loan fees. They didn't really care if the borrower could actually afford the loan they were signing. More » Consumer group defends low down payments Center for Responsible Lending: Higher minimums would hurt middle class HUD ramps up grants to fair housing groups $40.8M awarded to groups that help feds investigate claims, educate public Long & Foster launches neighborhood reports Reports include market statistics by ZIP code More News » MOST COMMENTS 'Real Estate Zebra' hit with trademark suit 'Unfriend' your real estate clients on Facebook Google's new algorithm and real estate results REAL ESTATE COMPENSATION 2011: An Inman News Survey "The compensation structure has not changed and needs to in order to accommodate the market. We should be able to offer fee-based jobs as well as commission (pay), but brokers most likely won't allow (this)." --Anonymous Take the Survey: chance to win $250 gift card »	ADVERTISEMENT Learn and engage in the latest real estate technology, mobile tools, blogging and more at Agent Reboot 2011. Coming to a city near you - check out our 24-city tour .Register today!
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