If there is one thing for certain in life it’s that the Federal Government likes to make new rules.
I wanted to give you a “heads up” on more rule changes coming down the pike in the mortgage world…
On August 1 of this year there are new RESPA – TRUTH IN LENDING rules going into place.
They will be consolidating the Truth In Lending statement, and the Good Faith Estimate into a new form called a Loan Estimate.
They will also be consolidating the Truth In Lending statement and the HUD-1/1a Settlement Statement into a new form called the Closing Disclosure.
I know you couldn’t stand to wait another minute for this important information. …so, I thought I would get it to you as soon as possible.
That’s it for today!
I hope you have a great day! Thanks for reading!
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