September 16, 2008
FHA Rates Continue to DROP! First it was the news that the Federal Government was bailing out Fannie Mae and Freddie Mac. Now, in an effort to steady the financial markets that are reeling from the news of collapse of Lehman Brothers and the sale of Merrill Lynch, there is a valid possibility that the [...]
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September 14, 2008
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. The purposes of RESPA are to help consumers become better shoppers for settlement services and to eliminate kickbacks and referral fees that unnecessarily increase the costs of certain settlement services. It was created because various companies associated with the [...]
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