Alert December 29, 2009

HUD Issues Revised Settlement Costs Booklet

HUD released a revised settlement cost booklet in anticipation of the new Real Estate and Settlement Procedures Act rules set to take effect January 1, 2010. The handbook is meant to apply to purchase-money transactions, not to refinancings. The booklet must be provided within three days of receiving an application along with the new GFE. Click here for the booklet.