Fed OK’s Final Mortgage Disclosure Rules

The Federal Reserve has approved final rules that make the Mortgage Disclosure Improvement Act an amendment to the Truth in Lending Act.

  • 14 May 2009
The Federal Reserve has approved final rules that make the Mortgage Disclosure Improvement Act an amendment to the Truth in Lending Act. Under the revised rules of the MDIA, creditors must give good-faith estimates of mortgage loans costs within three business days after receiving an application for loan ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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3 Wells Fargo Securities 51,322.59 157 7.76%
4 Bank of America Merrill Lynch 50,413.91 166 7.62%
5 Credit Suisse 46,981.53 148 7.10%