New HUD-1 and GFE in 2010 to Help Borrowers Compare Settlement Fees

If you are purchasing home that goes to settlement after January 1, 2010 you will be provided with a revised HUD-1 and Good Faith Estimate (GFE).  These forms have been updated to help borrowers compare settlement estimates with the actual fees charged at closing. Entire article here - REALTOR® Magazine-Daily News-New Rules to Clarify Fees. Fees are divided into three categories: Fees that cannot increase from upfront estimates to closing, … [Read more...]