Items Tagged with 'HUD-1 Settlement Statement'

ARTICLES

  • Wolters Kluwer Launches RESPA Tool Box

    In advance of the new requirements added to the Real Estate Settlement Procedures Act (RESPA) that take effect January 1, 2010, the Minneapolis-based Wolters Kluwer Financial Services launched its RESPA Tool Kit to help financial institutions understand and implement the changes. The software provides an overview of the Department of Housing and Urban Development's (HUD) changes, including revisions to the good faith estimate and HUD-1 and HUD-1A documents, as well as settlement cost booklets intended clarify loan terms to consumers.
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  • Stewart Title Ahead of RESPA Schedule

    Stewart Title released the new HUD-1 for its Association for Automatic Identification and Mobility (AIM) title and escrow production system a full six months before the deadline set by the Real Estate Settlement and Procedures Act (RESPA).
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  • HUD Revises RESPA Rules, Adopts Standard Good Faith Estimate

    The U.S. Department of Housing and Urban Development on Wednesday announced it will now require lenders and mortgage brokers to provide consumers with a standard three-page Good Faith Estimate (GFE) that discloses key loan terms and closing costs. HUD estimates its new regulation -- one that has been hotly contested on both sides -- will save consumers about $700 at the closing table.
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  • AllRegs to Hold RESPA Reform Audio Conference

    As the U.S. Department of Housing & Urban Development's proposal to change the rules regarding the Real Estate Settlement Procedures Act moves forward, there are many rumors and concerns about what exactly the proposal will mean for originators. Will yield spread premiums be affected? What exactly are the changes we can expect to see with the Good Faith Estimate? How will the HUD-1 Settlement Statement change?
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  • HUD Proposes Sweeping RESPA Reform

    The U.S. Department of Housing and Urban Development on Friday unvieled a broad proposal to reform the Real Estate Settlement and Procedures Act, including provisions that would expand HUD's enforcement authority under the Act.
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