HUD announces changes to RESPA requirements for Good Faith Estimates

On December 3, 2008, in FHA Mortgage, by Fred Chamberlin

In November, HUD announced the “long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers.”  The effect of this change in RESPA and Good Faith Estimates on lenders and consumers after implementation will be quite extensive. Real Estate loans will have significantly different disclosure [...]

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