January 18, 2010
In my “What Is RESPA” blog post I mentioned that the US Department of Housing and Urban Development (HUD) was implementing significant revisions to the Good Faith Estimate (GFE) and the HUD Settlement Statement (HUD-1) in order to provide borrowers with greater transparency when comparing settlement charges at closing and to make it easier for borrowers [...]
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January 17, 2010
On Friday, January 15th, 2010, the Department of Housing and Urban Development (HUD) announced that they are lifting the 90 days seasoning rule in order to “stabilize home values and improve conditions in communities where foreclosure activity is high. The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise [...]
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