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Home » Store » Taxable » HUD Proposes Broad Changes to Broker Fee Disclosures, GFE, Industry Ponders Benefits of Guaranteed-Cost Service Packages

HUD Proposes Broad Changes to Broker Fee Disclosures, GFE, Industry Ponders Benefits of Guaranteed-Cost Service Packages

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Industry trade groups are carefully weighing their choices under the Department of Housing and Urban Development’s proposed new regulatory interpretation of the Real Estate Settlement Procedures Act that could change the way players compete in the mortgage process. The proposals include three main parts: A new mortgage broker disclosure rule that addresses the crucial yield-spread premium issue, a highly detailed good faith estimate to help borrowers shop and compare, and a guaranteed-cost settlement service
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