Farewell to the HUD-1 – New HUD not even called HUD!
The loan estimate and settlement disclosure form will soon be replacing not only the trusty HUD 1 but it will wear 2 additional hats-replacing both the Good Faith Estimate and the Truth-in-Lending Disclosure as well. The Consumer Financial Protection Bureau’s (CFPB) rationale is there is too much “legal ease” within the 3 documents that will […]