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hud: Can Anyone Really Explain the New RESPA Guidelines? - 01/20/10 07:50 AM
I just came away from the second workshop in as many months about the new RESPA guidelines for the "new and improved" Good Faith Estimate and HUD-1. I understand it was devised to make the costs involved in the home buying process clearer, more understandable and more transparent.   Puh...leeze!
I tend to lean left when it comes to Government assistance with social programs but this thing is absolutely ridiculous.  It is anything but clear, transparent and understandable.  Worse, it will, more likely than not, create so much confusion in the marketplace that buyers will be even more frustrated about the costs … (5 comments)