RESPA Reform

Title Insurance with First American Title Insurance Company

RESPA has made mandatory changes to be in effect by January 1, 2010  The objective is to help consumers shop for the best loan, leading to competition and lower prices.  Disclose loan information to consumers early and in an easy to understand format.  THE GFE and HUD-1 will look significantly different and will require a zero tolerance to certain categories.  The HUD-1 will contain GFE numbered references and Lump and Dump fees.  Many of the title and escrow fees will no longer be itemized.  Escrow will be responsible for completing a new Page 3 to the HUD-1 that will include GFE fees and new loan terms.


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  1. Kevin Heinrich 10/21/2009 10:11 PM
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Ruth Vogt
Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO
303-395-3884. Apply 24/7

Do you expect your closing fees will be increased as a result of the additional responsibility in completing a new Page 3 to the HUD?

Oct 13, 2009 09:53 PM #1
Anna Gonzales

First American Title will not charge any additional fees to complete the new HUD-1.  Our closing fees will no longer be itemized instead you will only see a combined closing cost. 

Oct 14, 2009 08:36 AM #2
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Anna Gonzales