HUD extends comment period onthe RESA rule another 30 days.

By
Mortgage and Lending with Carolina Home Mortgage

Now you have no excuse for sending your comments to HUD.  Be specific and give them your opion on the new GFE..

It is 4 pages and if you are a broker you have to lump sum all your fees and then credit it back to the borrower.

A mortgage banker does not have to disclose their SRP.  Same old stuff. 

 

But there are alot of problems with the RESPA rule.  Go to NAMB's website and read about the ruel.  www.namb.org 

 

Please get everyone you know to comment. I know I am not going into great detail, but if you read this for yourself yu will see the issues.

 

 

 

Comments (2)

Jim Fischetti
The Fischetti Group/Keller Williams - Wake Forest, NC

Good information. Thanks for sharing.

 

Good luck with your business.

 

Jim in Wake Forest

May 08, 2008 08:27 AM