ARCHIVED BLOG POSTS
2010
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6
Comments
One of the goals of the new RESPA rules is to make sure that lenders disclose exactly what they're charging up front and then don't change it. This is a worthwhile goal since nobody likes bait and switch tactics. Theres even a provision for "changed circumstances" in case something unforseen sh...
01/13/2010
2
Comments
In my conversation with Mr. White from VA about how to disclose unallowable fees under the new RESPA, he mentioned to me that they were struggling just like we were to figure it out. He also asked me my thoughts on the new regulations, and I thought I would share my reply: You asked about my thou...
01/11/2010
0
Comments
VA issued a circular on January 7th giving some guidance as to how to handle VA's unallowable borrower fees under the new RESPA. You can read it here: http://www.homeloans.va.gov/circulars/26_10_1.pdfIt seemed somewhat encouraging but not completely clear, so I e-mailed William White for clarific...
01/11/2010