GFE Archive

Proposed HUD-1, GFE Revamp: Too Much?

About two years ago, the U.S. Department of Housing and Urban Development revamped the HUD-1 Settlement Statement and the Good Faith Estimate (GFE). Among other things, the forms were shortened and some “tolerances” were added to decrease the incidences...
July 19, 2012

Financial Sheriff Opens Up on GFE-TILA Forms

By Robert Freedman, Senior Editor, REALTOR® Magazine The country’s newest banking regulator is trying to make it easy for practitioners and consumers to comment on a mortgage disclosure form. That’s a break from the past. The new Consumer Financial Protection...
May 23, 2011

Making Sense of the New GFE, HUD-1

By Robert Freedman, Senior Editor, REALTOR® Magazine In this video how-to, you’ll find a page-by-page walk-through on what goes where. The new Good Faith Estimate and HUD-1 settlement form have been in effect since January 1. The federal government’s...
January 13, 2010

Is the New GFE an Improvement?

By Stacey Moncrieff, editor in chief, REALTOR® Magazine Happy New Year, everyone! As usual, we’re ringing in the new year with a lot of unfinished business (health care reform, financial institution reform, and so on). One thing that was finally settled,...
December 31, 2009

New “Reg. Z” Rules Could Slow Closings

By Robert Freedman, Senior Editor, REALTOR® Magazine Starting tomorrow, July 30, you could see transactions slowed as lenders try to navigate changes to rules (“Reg. Z”) on consumer disclosures under the Truth in Lending Act (TILA). By being aware...
July 29, 2009

Final RESPA Rule Rundown

By Sarah Trzepacz, Content Strategist, REALTOR.org Expert Phil Schulman drew an over-capacity crowd to his session on HUD’s recently issued final RESPA rule. During the session he described changes in the six main components of the rule, identified winners...