Wolters Kluwer Financial Services is offering banks, credit unions and mortgage lenders a toolkit that can help them prepare for the new requirements to the Real Estate Settlement Procedures Act (RESPA) which take effect on Jan. 1, 2010. The company’s RESPA Tool Kit offers financial institutions a comprehensive overview of the Department of Housing and Urban Development’s (HUD’s) changes. These include revisions to the Good Faith Estimate (GFE) and HUD-1 and HUD-1A documents, as well as Settlement Cost booklets intended to more clearly explain loan terms to borrowers.Read more
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