Mortgage Lenders Bear Greater Burden for Ensuring RESPA-Compliant GFEs Issued by Mortgage Brokers
September 10, 2009
Mortgage lenders face greater accountability for any good faith estimate provided on their behalf by a mortgage broker to a borrower, according to guidance issued recently by the Department of Housing and Urban Development to help lenders and mortgage settlement service providers comply with a totally revamped mortgage settlement process in 2010. Compliance experts said the...