Good Faith Estimate

Submitted by Hobbs on Tue, 05/05/2009 - 3:28pm
in

Good Faith Estimate (GFE)
Under the new RESPA Rule, the lender is now reponsible for the GFE.  The problem is, the Lender does not control all the costs of a transaction.  Does that mean that the Lender will now have to control those vendors?  If the Lendor does not control vendors,  how will the title company actually be held responsible for the GFE?
 

‹ LIVE CHAT: Mary Schuster Q&A Independent Agents Quoting Fees to Lenders ›