Tuesday, January 26, 2010

Washington Report: GFE Rules

HUD officials say they plan to conduct a review of the growing use of “worksheets” and “fee estimate” forms by mortgage lenders providing quotes to home buyers and refinancers since the first of January.

The worksheets are a reaction by the mortgage industry to HUD's tough new “good faith estimates” (or GFE) rules that went into effect on New Year's.

Click here to read entire story:Realty Times - Washington Report: GFE Rules

Forbes Real Estate Today