tila: Changes Coming To RESPA/TILA and How They Will Affect Us - 02/03/15 11:07 PM
 

As of August 1, 2015 we can say good-bye to the traditional GFE (Good Faith Estimate) and Truth In Lending disclosures as we know them.  Moving forward, they will be combined into a single Loan Estimate or "LE".  Lenders will be held accountable to the exact charges  and must come within 10% of any others.  The "LE" must also be given to a borrower within 3 days after collecting six pieces of required information.  
 
Another big change will be the replacement of the HUD-1 with a Closing Disclosure.  The "CD" contains much of the information on the … (0 comments)

tila: New Truth In Lending Act Disclosure Requirements Home Buyers Should Know About - 08/01/09 02:44 AM
Revisions to the Truth In Lending Acts disclosure requirements took place July 30, 2009.  Many believethe new requirements will be a challenge for lenders to comply and also may cause delays for closings.  Only time will tell, but once again the process has become more complicated.  The new revisions are as follows.
 
• The new requirements apply to all mortgages secured by a borrower's home, including
primary and second homes and refinancings. Investor loans continue to be exempt.
• Lenders must give good faith estimates of mortgage loan costs within 3 business days
after the consumer applies for a loan … (0 comments)

 
Christopher Pagli, "I Stay Open Until You Close" (William Raveis Legends Realty Group) Rainmaker large

Christopher Pagli

"I Stay Open Until You Close"

Tarrytown, NY

More about me…

William Raveis Legends Realty Group

Address: 38 Main St, Tarrytown, NY, 10591

Mobile: 914 406 9023

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