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Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

For the buyer, closing costs vary significantly by state, reflecting different state regulations and laws. Insights from the NAR lawsuit and settlement In 2023, the NAR and certain large brokerages were sued in Missouri federal court via a private class-action lawsuit. The ten-year average from 2014 to 2023 was 6.4

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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. As an example of their lobbying power, in 2004 and 2005 the George W. 4] See Bloomberg’s article from Dec 20, 2023, “A $1.3 mortgage originations.

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