new changes for the real estate: With RESPA reform around the corner are you prepared for the up and coming changes? - 12/26/09 06:58 AM
 RESPA Reform: Are you Ready?
 With RESPA reform around the corner are you prepared for the up and coming changes?

 Summary of Changes
 On January 1, 2010, HUD will require that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs.  Closing agents will also be required to provide borrowers a new HUD-1 settlement statement that clearly compares consumers' final and estimated costs.
 What becomes effective January 1, 2010
 1)   Revised Good Faith Estimate (GFE)
 2)   GFE tolerances on settlement costs
 3)   Revised Settlement Statement (HUD-1)
 4)   Revised definitions … (4 comments)

 
Robert Vegas Bob Swetz

Robert Vegas Bob Swetz

Las Vegas, NV

More about me…

Address: 8395 W Sunset Road Suite 100 , LAS VEGAS, NEVADA, 89113

Mobile: 408 410 4171



Listings

Links

Archives

RSS 2.0 Feed for this blog