HUD releases mandatory settlement cost booklet under RESPA rule – NMP Skip to main content

HUD releases mandatory settlement cost booklet under RESPA rule

Dec 17, 2009

The U.S. Department of Housing & Urban Development (HUD) has released "Shopping for Your Home Loan: HUD's Settlement Cost Booklet." Under the Real Estate Settlement and Procedures Act (RESPA) Final Rule taking effect Jan. 1, 2010, lenders and mortgage brokers are required to provide borrowers with this booklet within three days of when the borrower applies for a loan. For a copy of the Settlement Cost Booklet, click here.   For more information, visit www.hud.gov.
About the author
Published
Dec 17, 2009
California Approves $25B Homebuyer Loan Program, Targeting New Construction

Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach

When AI Takes Action: New Federal Framework Raises Questions

New federal banking guidance examines the risks of autonomous AI, from borrower communications to servicing transactions, with a focus on human oversight and accountability

States Tighten Mortgage Rules For Home Equity Investments

Massachusetts, Maine, and Illinois are expanding oversight of home equity financing

West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations