August 2, 2024 — Comments

Closing costs are an expensive and confusing part of obtaining a mortgage. While addressing these issues can have some effect on entrance into the homeownership market and can also affect the cost of refinancing into a more affordable monthly payment, the Bureau should also focus on other more significant barriers to affordable homeownership, such as encouraging small-dollar mortgage lending, special purpose credit programs, and changing Regulation Z to require an all-in finance charge disclosure.