![]() ![]() ![]() ![]() ![]() ![]() |
||
Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about Gfe Stands for: | |||||||||||||||||||||||
Avoiding Markups on Third Party Settlement Services
December 17, 2001 ?The Federal appellate court in the 7th circuit recently ruled that it is legal for lenders to make a profit on third party services sold to borrowers, such as appraisals and credit reports. In contrast, HUD has always said that markups were illegal if there were no ... more... HUD's Proposals For Reform October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... |
|||||||||||||||||||||||
Gfe Stands for related definitions |
|||||||||||||||||||||||
Good Faith Estimate, GFE
Good Faith Estimate (GFE) A disclosure of estimated settlement costs. Lenders or brokers must provide this list to the loan applicant for a mortgage loan within 3 business days after receipt of the application. The GFE is intended to assure that consumers have adequate ... more... RESPA Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... |
|||||||||||||||||||||||
More about Gfe Stands for Glossary of Common Terms Used During the Mortgage Process The Basics On T1 Line Solutions For Small Business A Singles Game of Real Estate Real Estate Professional in the Palm of Your Hand Impact of Product Patent on FDI in Indian Pharmaceutical Industry How to Buy a Home When Your in Your Twenties Home-Based Business For Fun And Profit Guide to Lake Iseo, Lombardy, Italy How to Understand Credit Report Real Estate Stories that Show You How!
|
|
||||||||||||||||||||||
|