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Real Estate & Property Law

: Housing Wire

HUD Revises RESPA Rules, Adopts Standard Good Faith Estimate

By DIANA GOLOBAY

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The U.S. Department of Housing and Urban Development on Wednesday announced it will now require lenders and mortgage brokers to provide consumers with a standard three-page Good Faith Estimate (GFE) that discloses key loan terms and closing costs. HUD estimates its new regulation — one that has been hotly contested on both sides — will [...]

Full post as published by Housing Wire on November 12, 2008 (boomark / email).

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