Well, we’ve been blogging about the tightening in mortgage lending regulations for what seems like forever now, but it finally went live this weekend. The “know before you owe” rules are officially in effect. Of course, in the age of very long internet contracts that no one ever reads, it may be optimistic to hope that borrowers will read the fine print of their mortgage contracts, but that’s one of the main aims of the new rules. The Financial Times has a little more background on these and surrounding regulations.
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