I cannot remember the last time a consumer called or cried about their amount of cash required for closing.
How amazing is that? It's wonderful. It is life changing.
HUD, thank you.
Your plan worked. The new GFE and HUD-1 2010 RESPA standards have accomplished what years of training couldn't - accountability in disclosure.
Put the fear of real penalties in the hearts of loan officers and eliminate bait and switch or just plan sloppy work. You did it. You stood up to the lending and title insurance establishment and did something REAL, something that actually helped.
APPLAUSE APPLAUSE APPLAUSE