2009 Dec 28th

HUD Makes Changes to RESPA / Regulation X. Hoboken Buyers Get More Information About Their Mortgage

New Regulation X changes alter the way settlement charges are disclosed to  the borrower.

Changes announced by the U.S. Department of Housing and Urban Development to RESPA/Regulation X, effective with new first mortgage applications received on or after January 1, 2010, are intended to provide a better understanding of the settlement charges (commonly known as closing costs) associated with a loan transaction.  They  include the following:

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