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REVISED GOOD FAITH ESTIMATE
REVISED GOOD FAITH ESTIMATE
 
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Product Code: GFE

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REVISED GOOD FAITH ESTIMATE:

Description
 
Good Faith Estimate NEW PRODUCT DUE TO NEW RESPA REGULATIONS (GFE)
The Department of Housing and Urban Development (HUD) issued a final rule under the Real Estate Settlement Procedures Act (RESPA) to simplify and improve the process of obtaining home mortgages and to reduce settlement costs for consumers. As part of this change organizations will be required to use a standardized Good Faith Estimate (GFE) Form by January 1, 2010.

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