New GFE and HUD-1 Forms Go Into Effect January 1, 2010
Today’s legal focus will help familiarize real estate brokers and agents with the new RESPA rules produced by HUD. HUD has issued reforms that will hopefully help consumers shop for the lowest cost mortgage by requiring that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate that clearly discloses key loan terms and closing costs:
A FAQ has been posted on HUD’s website regarding the changes to these forms. (http://www.hud.gov/offices/hsg/ramh/res/resparulefaqs.pdf). Please contact the IAR Legal Hotline at 1-800-444-5472 if you are a principal, managing broker, or designated agent and have any questions regarding the new RESPA changes for 2010.
Meet the RACI Committee Chairman & Vice Chairman for 2010
Here are the RACI Committee Chairman and Vice Chairman for the 2010
Empower Yourself with a "Distress Code" System
Empower Yourself with a “Distress Code” System
Zipforms Update
Summary of 2010 standard forms update
Supra Support Enhancements
Faster service for Supra users