Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about respa: | |||||||||||||||||||||||
Is Title Insurance Overpriced?
March 21, 2005 Title Insurance Fees Paid by Borrowers Include Referral Costs "I recently read that some of the large title insurance companies have been kicking back to home builders 50% of the premiums collected from the people who buy houses from the builders. Doesn ... more... Are Settlement Services Overpriced? July 6, 1998 "In my recent home purchase, I bought title, property hazard, and mortgage insurance policies from 3 different companies that I did not know, at prices given to me by my lender. Judging from the circumstances, I am guessing that ... more... |
|||||||||||||||||||||||
respa related definitions |
|||||||||||||||||||||||
RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... Good Faith Estimate, GFE Good Faith Estimate (GFE) A disclosure of estimated settlement costs. Lenders or brokers must provide this list to the loan applicant for a mortgage loan within 3 business days after receipt of the application. The GFE is intended to assure that consumers have adequate ... more... |
|||||||||||||||||||||||
More about respa Mortgage Broker Marketing: Can You Tell The Difference Tips for First Time Home Buyers Set Aside Foreclosure and Decree and Motion for New Trial
|
|
||||||||||||||||||||||
|