Posts Tagged ‘ GFE ’

Legal Q&A: List existing appraisal fee on the GFE?

February 3, 2011
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Legal Q&A: List existing appraisal fee on the GFE?

Under RESPA (Real Estate Settlement Procedures Act), should a lender list a charge for appraisal on the Good Faith Estimate (GFE) if the firm is using a prior appraisal that will not be charged to the borrower?
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Posted in Legal Issues | 1 Comment »

REALTORS® need to be in the financial ‘driver’s seat’

September 30, 2010
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REALTORS® need to be in the financial ‘driver’s seat’

“A good REALTOR® should understand financing and be able to crunch the numbers himself to help his buyer understand the mortgage options,” said Melanie McLane, who will teach “Dollars and Sense” at Triple Play REALTORS® Convention and Trade Expo, December 7.
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Posted in Education, Triple Play | 1 Comment »

New GFE stops closing table surprises

September 16, 2010
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New GFE stops closing table surprises

Nine months after the mortgage industry was forced to adopt new Good Faith Estimates (GFE) and HUD-1 forms, Bankrate.com reports that the new forms are working, providing consumers with more accurate closing cost estimates.
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Posted in Industry News, Triple Play | 3 Comments »

Recognize changes in new GFE and HUD-1

February 19, 2010
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Recognize changes in new GFE and HUD-1

REALTORS® should now be working with the new Good Faith Estimate (GFE) and HUD-1 forms and they need to understand the changes to the two forms and how those changes can impact their buyers and them.
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Posted in Industry News | 4 Comments »

HUD to ‘exercise restraint’ in new RESPA regulations

November 17, 2009
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HUD to ‘exercise restraint’ in new RESPA regulations

If you’re following the evolution of amendments to RESPA (Real Estate Settlement Procedures Act), you know that HUD's responses to industry, consumer and governmental requests to delay implementing these changes has been “no dice.”
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Posted in Legal Issues | 1 Comment »

HUD stands firm: 2010 looks to be a go

August 10, 2009
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All REALTORS® should know that there are going to be substantial changes in RESPA, and soon! HUD has drastically changed the Good Faith Estimate (“GFE”) that it requires all lenders of federally related, residential mortgages to prepare.
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Posted in Legal Issues | No Comments »

Podcast: Understanding changes to the GFE and HUD-1 Forms

June 8, 2009
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Podcast: Understanding changes to the GFE and HUD-1 Forms

On January 1, 2010, all residential real estate practitioners can expect to see a new Good Faith Estimate and a new HUD-1 Settlement Statement. Brett Woodburn, PAR’s legal counsel with Caldwell and Kearns has the latest in this podcast.
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Posted in Legal Issues, Real Property Podcasts | No Comments »

RESPA: GFE and HUD-1′s impact in 2010

May 18, 2009
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Revisions to the Good Faith Estimate and the HUD-1 may actually make settlement smoother for buyers and their agents.
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Posted in Legal Issues | No Comments »

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