Which statement about loan origination fees on a Loan Estimate is false?

The assertion that lender and mortgage broker fees for the same transaction must be itemized is false because the Loan Estimate does not require these fees to be separately distinguished. Instead, mortgage originators can combine the fees into a single origination charge. The primary goal of the Loan Estimate is to provide clear and transparent estimates of the costs associated with a mortgage loan, but it does not mandate an itemized breakdown of the lender's and broker's fees, which can indeed be presented collectively under a single origination fee.

In contrast, the other statements regarding loan origination fees are accurate reflections of guidelines. Origination fees are typically presented as a total amount on the Loan Estimate, facilitating easier comparison for borrowers. Additionally, changes to the fee can only occur under specific circumstances, such as a changed circumstance that impacts the loan or its terms, maintaining the stability of costs for borrowers. The fees are also inclusive of the services performed by the loan originator, covering the work done in facilitating the loan process.