While standard economic... | Clean Up Real Estate.org

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Posted May 16th, 2008 by cure_admin

... theory assumes that consumers shop for the best available price and terms, even the most sophisticated borrowers often find it difficult to effectively shop for mortgages.

— Harvard University, Joint Center for Housing Studies

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... mechanisms all too often prove ineffective in preventing consumer abuse. In particular, the information that is needed to engage in informed shopping is often not provided in a timely manner, nor in a manner which consumers can incorporate readily into their shopping behavior.

— Harvard University, Joint Center for Housing Studies

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