The new HUD/RESPA document is supposed to be integrated on August 1st, 2015. In my opinion this is going to create a great deal of confusion and may actually end up costing buyers MORE money. How? The 3 day waiting period for ANY changes being made. How will that effect mortgage rate locks?
It's going to be interesting to see how this plays out.
The video is from The National Real Estate Post. Interesting perspective. How do you think this will effect closings?