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  Good Faith Estimate NEW PRODUCT DUE TO NEW RESPA REGULATIONS
  New Good Faith Estimate
 


Product Code: GFEN

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Description
 
The Department of Housing and Urban Development (HUD) issued a final rule under the Real Estate Settlement Procedures Act (RESPA) to simplify and improve the process of obtaining home mortgages and to reduce settlement costs for consumers. As part of this change organizations will be required to use a standardized Good Faith Estimate (GFE) Form by January 1, 2010.

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