Posted: October 26, 2010 By: Dave Ralston
It’s official: FHA was just given authority to change the amount charged to borrowers for both the Up Front and the Annual Mortgage Insurance premiums…and change them they did.
Posted: January 14, 2010 By: Dave Ralston
The biggest change to the good faith estimate (GFE) since the 1970’s! The new disclosure format is effective starting January 1st 2010. The thinking behind the new format was to simplify the cost associated with a mortgage for the average consumer. It also ensures that the lender has the borrower’s and the property’s essential information in order to better predict the cost.
The bottom line is (more…)
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