Department of Housing and Urban Development. Office of Housing. The Office of Housing provides vital public services through its nationally administered programs. It oversees the Federal Housing Administration (FHA) the largest mortgage insurer in the world, as well as regulates housing industry business. The mission of the Office of Housing is to: Contribute to building and preserving healthy neighborhoods and communities Maintain and expand homeownership, rental housing and healthcare opportunities Stabilize credit markets in times of economic disruption Operate with a high degree of public and fiscal accountability Recognize and value its customers, staff, constituents and partners Within the Office of Housing are four business areas: HUD's Single Family programs include mortgage insurance on loans to purchase new or existing homes, condominiums, manufactured housing, houses needing rehabilitation, and for reverse equity mortgages to elderly homeowners.
Buying a Home. Settlement Cost Booklet. Good Faith Estimate - Form. Appendix C to Part 3500 -- Sample Form of Good Faith Estimate [Name of Lender]\1\ The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are estimates -- the actual charges may be more or less. Your transaction may not involve a fee for every item listed. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD - 1 or HUD - 1A settlement statement that you will be receiving at settlement.
Loan origination fee Loan discount fee Appraisal fee Credit report Inspection fee Mortgage broker fee [Use blank line in 800 Section] CLO access fee Tax related service fee Interest for [X] days at $XXXX per day Mortgage insurance premium Hazard insurance premiums Reserves Settlement fee Abstract or title search Title examination Document preparation fee Attorney's fee Title insurance Recording fees City/County tax stamps State tax Survey Pest inspection [Other fees -- list here] Applicant Date. HUD-1 and HUD-1a Instructions. HUD-1 - Form. HUD-1 - Instructions. RESPA - Home Page. Effective July 21, 2011, the Real Estate Settlement Procedures Act (RESPA) will be administered and enforced by the Consumer Financial Protection Bureau (CFPB).
If you are a consumer with a question or complaint related to your mortgage or mortgage servicer, please call at (855) 411-2372 (or (855) 729-2372 TTY/TDD), or by fax number (855) 237-2392, or contact the CFPB’s Consumer Response team. If you are a settlement service provider with questions about RESPA, please email the CFPB at CFPB_RESPAInquiries@cfpb.gov.
The Real Estate Settlement Procedures Act (RESPA) ensures that consumers throughout the nation are provided with more helpful information about the cost of the mortgage settlement and protected from unnecessarily high settlement charges caused by certain abusive practices. The most recent RESPA Rule makes obtaining mortgage financing clearer and, ultimately, cheaper for consumers. Highlights Consumers RESPA is about closing costs and settlement procedures. Industry.