Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)
The Stoop (NYU Furman Center)
APRIL 29, 2024
Of note, during the height of the bubble (2005 and 2006), the average downpayment by an FTHB actually decreased to just two percent. Post-2008, with all the reforms enacted via the Dodd-Frank Act (e.g., 14] This quantitative definition of “material” is commonly used in public company reporting matters. [15]
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