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Volume 21 - Number 3

February 9, 2010

RESPA Uncertainty Persists as Lenders Struggle with New Forms

More than a month since changes to Real Estate Settlement Procedures Act regulations were implemented, many mortgage lenders still find it difficult to navigate the new good faith estimate and HUD-1 closing forms. Compliance experts say they see a lot of confusion and different interpretations as to which disclosure goes where despite the abundance of information and...

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