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New HUD-1 and GFE forms

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mortgagelicensesolution 2008-12-02 19:16:29 Publish:

This is not a licensing issue but I thought I’d give out some information on the compliance front. HUD has announced that it is requiring new Good Faith Estimate (GFE) and HUD-1 and HUD-1A forms. The new HUD-1 forms have references back to the GFE so savvy consumers can compare the two documents. Although the new forms won’t be required until January, 2010, you should take a look at them:

http://www.hud.gov/content/releases/goodfaithestimate.pdf
http://www.hud.gov/content/releases/hud-1.pdf

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