For once unintended consequences are POSITIVE. Yes, positive. I sure don't think they intended to do this but by creating a uniform method for GFE disclosure which flows to a uniform method of HUD prep, we in the title world are enjoying UNIFORMITY of INSTRUCTIONS. I love it.
What was it that everyone hoped to gain with UNIFORM CLOSING INSTRUCTIONS? Uniformity, right? Well, guess what?
Thursday, February 11, 2010
the unintended consequences of RESPA 2010 and the new HUD
For once unintended consequences are POSITIVE. Yes, positive. I sure don't think they intended to do this but by creating a uniform method for GFE disclosure which flows to a uniform method of HUD prep, we in the title world are enjoying UNIFORMITY of INSTRUCTIONS. I love it.
What was it that everyone hoped to gain with UNIFORM CLOSING INSTRUCTIONS? Uniformity, right? Well, guess what?
What was it that everyone hoped to gain with UNIFORM CLOSING INSTRUCTIONS? Uniformity, right? Well, guess what?
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