RESPA - New GFE & MBFA Effective 1/1/2010 HUD is requiring that loan originators provide borrowers with a standard Good Faith Estimate that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a new HUD-1 settlement statement. New RESPA regulations were published November 17, 2008 and are scheduled to take full effect on January 1, 2010. The "New RESPA Rule FAQs" were comprised from industry questions and are posted to facilitate implementation of these new requirements. You also need to give every borrower a booklet.

GFE Form

FAQ RESPA Rules

MortgageBroker Fee Agreement Form

01/01/2010,

Member Cost: $0
Non-Member Cost: $0

Directions: This new booklet is to be given to borrower’s after January 1, 2010. HUD revised the booklet on 1/6/2010 To order 100 copies call 1-800-767-7468 (they are not taking online orders at this time).