Good Faith Estimate Tag

18 Mar Tighter RESPA Rules To Take Effect in 2010

Posted at 00:00h in Escrow

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To help consumers more easily understand settlement costs and prevent big price discrepancies between the preliminary Good Faith Estimate and the HUD-1 settlement statement, the U.S. Department of Housing and Urban Development (HUD) has created stricter Real Estate Settlement Procedures Act (RESPA) regulations are scheduled...

25 Feb HUD ALERT: The Good, The Bad and The Ugly of the new HUD1

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HOW THE NEW HUD REGULATION CHANGES YOUR CLOSING STATEMENT Terminology: HUD - Housing and Urban Development GFE - Good Faith Estimate (issued by lenders and mortgage brokers) HUD1 - Escrow Closing Statement (issued by closing company) The new HUD regulation that came into effect Nationwide on January 1, 2010 has...