Government program continues to carry forward trial and permanent home loan modifications
01/22/2010
Government officials are trying to help keep people in their homes in light of the record number of U.S. foreclosures. [more...]
Are some lenders trying to avoid new GFE regulations for title insurance, closing costs?
01/22/2010
According to a report from the Washington Post, some loan originators are avoiding compliance with new rules put forward by the U.S. Department of Housing and Urban Development (HUD) to help homebuyers and refinancers get a better handle on the real expense of closing on a loan including the cost of title insurance. [more...]
New rules for Good Faith Estimate could help reduce closing costs
01/13/2010
In the past, reviewing and signing documents at the closing table when buying a home or refinancing a mortgage could leave some consumers with a number of surprises, including how much they might have to pay for title insurance or other closing costs. [more...]
All lenders will be required to use new Good Faith Estimate (GFE) and HUD-1 forms beginning 1/1/2010. Get a head start by viewing them both here...
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