Can you remember a time Jim, when there was no such thing as APR and no TIL ... or how about there was no RESPA? I remember being in my mid 20's, 7 years in this industry then, and both of those happened. One in 1966 and the other in 1972 (if memory serves me correctly). ... then of course there were the next 90 or so Federal statutes that came after them.
Oh yea, and how about no Fannie Mae and no Freddie Mac? They both came along in the early '70's ... things sure have changed. People today have no clue
how easy this biz is today, vs. walking to school in the snow barefoot (uphill both ways) ....
