The Real Estate Settlement Procedures Act, also known as RESPA, was passed by Congress in 1974. HUD is rolling out a series of new changes surrounding RESPA, the Good Faith Estimate, and the HUD-1 settlement statement all borrowers receive at closing. Attorney and Mortgage Consultant Dan Fogel discusses these changes and how they’ll affect the mortgage process from application to closing.

For more information, please visit this PDF article on the HUD website.

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Related Articles: Dan Fogel, good faith estimate, HUD, Mortgage podcast, respa, Sandy Marshall