Where can I find samples of the new GFE & HUD-1 that will become mandatory in January?
Samples can be requested through your sales representative. The final RESPA rule does allow financial institutions to use the new documents prior to January 1, 2010 however, for compliance reasons; the new version of the GFE, HUD-1 and Settlement Cost Disclosure should be used together. To date, the revised Settlement Cost Disclosure content is NOT available from HUD.
Wednesday, June 3, 2009
Tuesday, May 19, 2009
Welcome to our RESPA blog!
The RESPA Resource Center blog offers a forum to discuss the latest RESPA developments and related compliance concerns. We encourage you to participate in our blog and share your thoughts with your colleagues on this ever-changing area of compliance.
HUD Says New RESPA Rule a Go
In a press release, U.S. Housing and Urban Development Secretary Shaun Donovan announced his intention to implement the mortgage reforms under the Real Estate Settlement Procedures Act (RESPA) that are scheduled to take full effect on January 1, 2010.
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