TITLE

RESPA Readiness

AUTHOR(S)
Kolb, Angie
PUB. DATE
June 2010
SOURCE
Mortgage Banking;Jun2010, Vol. 70 Issue 9, p80
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the updated regulations made by the Department of Housing and Urban Development (HUD) on the Real Estate Settlement Procedures Act (RESPA) in the U.S. It states that agency is requiring loan originators to provide borrowers a standard Good Faith Estimate (GFE) that clearly discloses key loan terms. It adds that lenders are required to receive six specific pieces of information to establish the application date.
ACCESSION #
51364818

 

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