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Volume 20 - Number 19

September 14, 2009

Lenders Liable for Brokers’ GFE, Says HUD

Comprehensive mortgage settlement rules taking effect next year will require mortgage lenders to be responsible for the accuracy of third-party fees and other disclosures made by mortgage brokers, according to the Department of Housing and Urban Development. But compliance experts warned that while HUD may exercise restraint and flexibility during the rules’ implementation phase...

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