HUD’s New Mortgage Rules
March 31, 2009 by Bob Schenkenberger · 1 Comment
The US Department of Housing and Urban Development (HUD) issued a new regulation designed to empower borrowers in the mortgage process. HUD has dictated a change in the good-faith estimate (GFE) form and the settlement form (HUD-1). These forms are part of the Real Estate Settlement Procedures Act, a law enacted in 1974 to protect [...]
