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 Payroll Cards Improve Direct Deposit Participation After Eve [Part Five: a New World Order] Things To Consider Before Buying a Condo Hotel or Resort Residence Let Us Uncover The Mystery Of Secured Loans How To Prepare A Business Plan That Guarantees Big Profits Personal Loans For Homeowners One Of The Numerous Rewards For Being A Homeowner Gun Defense Questions and Answers. Why have a gun in the first place? About Writing Due Dilegence 101 Or What You Do Not Know Can Kill You! - Part 1 Home Owners In Trouble! The Real Estate Bubble, Rising Interest, and Variable Rate Loans Concern Fed
|
|
||||||||||||||||||||||
|