Woe to the lender who guesses wrong
February 17th, 2010 admin
The standard Settlement Statement, the HUD-1, just got a makeover this December. The extra page is an extra burden on lenders to get the Good Faith Estimate right the first time. Last week at the closing for our new house, we got a small bonus courtesy of the new requirements. The expenses are broken down into three categories based on how closely the actual charges have to agree with …
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