New RESPA Changes – What That Means To You

January 4, 2010 by Monica McNamara · Leave a Comment 

HUD, (Housing and Urban Development), in an effort to improve disclosure of key loan terms and closing costs paid by the consumer when they buy or refinance a property, HUD has reformed the RESPA Rules. Here is a summary of the final rule: Good Faith Estimate – now it will be a three page document, [...]