Even with new forms, borrowers must protect themselves
Even with the CFPB’s vastly improved mortgage disclosures, double apping is still the way for borrowers to get the best deal.
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Tag: HUD-1
Mortgage loan brokers: What to know about “know before you owe”
We dissect the CFPB’s new forms and offer a solution to their shortcomings.
Read MoreThe Good Faith Estimate needs further revision
The more accurate Good Faith Estimate (GFE) released in January 2010 under the Real Estate Settlement and Procedures Act (RESPA) is still not accurate enough, according to the Center for Responsible Lending. Under RESPA...
Read MoreFebruary 2011 Forms
Get your buyer the best financial advantage — submit multiple loan applications and compare.
Read MoreWhen it comes to fees: charge only one and disclose it to your client
Additional fees charged by real estate agents separate from their basic contingency fee were the subject of a recent letter to industry lawyers from the federal Department of Housing and Urban Development (HUD). The HUD letter...
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