New HUD-1 Form

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RESPA - Real Estate Settlement Procedures Act Home Page - HUD

From HUD:

For the first time in more than 30 years, the U.S. Department of Housing and Urban Development has issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table.

RESPA Final Rule
Good Faith Estimate
Regulatory Impact Analysis

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This page contains a single entry by Leonard E. Sienko, Jr. published on November 26, 2008 9:46 PM.

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