New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers

New RESPA Regulations, HUD-1 Effective January 1, 2010 Changes under the Real Estate Settlement Procedures Act provide some improvements to borrowers, making it easier to compare loan terms and committing lenders to stick with their quoted fees. The new Good Faith Estimate (GFE) will be uniformly used by all lenders so that borrowers will be … Continue reading New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers