RESPA Tag

28 Apr Updated Guidance from HUD regarding Loan Originator Compensation

Posted at 06:00h in Important Information

On March 18th HUD issued important information pertaining to how mortgage loan originators comply with the Real Estate Settlement Procedures Act (RESPA) with regard to the Federal Reserve Board’s Loan Originator Compensation rule, effective April 1st. This information clarifies RESPA requirements related to proper disclosure...

18 Mar Tighter RESPA Rules To Take Effect in 2010

Posted at 06:00h in Escrow

To help consumers more easily understand settlement costs and prevent big price discrepancies between the preliminary Good Faith Estimate and the HUD-1 settlement statement, the U.S. Department of Housing and Urban Development (HUD) has created stricter Real Estate Settlement Procedures Act (RESPA) regulations are scheduled...

18 Feb What is RESPA And What Affect Does It Have On The Real Estate Transaction?

Posted at 06:00h in Escrow

How would you react if you had a limited amount of funds in the bank to pay for closing costs and then were hit with hundreds of dollars in extra "unexpected" closing costs? This is a problem that the Real Estate Settlement Procedures Act (RESPA)...

RESPA Tag

28 Apr Updated Guidance from HUD regarding Loan Originator Compensation

18 Mar Tighter RESPA Rules To Take Effect in 2010

18 Feb What is RESPA And What Affect Does It Have On The Real Estate Transaction?

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