Good Faith Estimates and RESPA: Don’t lose sight of the big picture
March 8th, 2010
By Greg Frost
The Real Estate Settlement Procedures Act (RESPA) that took effect earlier this year has attracted a lot of attention both from the industry and from borrowers. The act requires 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 [...]
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