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From Lorman Education Services
Understanding the New GFE and HUD-1/IA Settlement Statements
nEffective January 1, 2010, all residential mortgage loan originators will have to change their loan origination forms and procedures to comply with a new rule recently adopted by the U.S. Department of Housing and Urban Development. The new rule dramatically changes both the Good Faith Estimate and the HUD-1 and HUD-1A Uniform Settlement Statements required by the federal Real Estate Settlement
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Understanding the New GFE and HUD-1/IA Settlement Statements
