Tag: Good Faith Estimate
Thoughts in the wake of RESPA reform
Written by Guest on .
Within three months after my youngest son was hatched, he effectively communicated that he was to be a bit “different” than my first son. Let’s just say my hopes for a simplified version of my first son were dashed early.
Similarly, since...
Exactly how good is the new Good Faith Estimate?
Written by Guest on .
Two months since the new RESPA rule took effect, some mortgage lenders report consumers are asking more questions throughout the homebuying process, while others say consumer confusion has simply taken a new shape.
The new rules will hopefully...
GFE-based quote tool is now RESPA compliant
Written by Guest on .
Washington, D.C. – Lenders navigating new RESPA rules can bank on the accuracy of Federal Title & Escrow Company’s online quote system to prepare their Good Faith Estimates.
“Our online quote is accurate to the penny, or we’ll...
Why aren’t more title companies transparent?
Written by Guest on .
On average, title charges (i.e., settlement or closing fee, title insurance) comprise 70 percent of the total variable closing costs. Since title charges do vary significantly from title company-to-title company in DC, MD, VA, and FL, it...
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