Contributed by: Glen Bremer, Alpine Mortgage Planning Office: 503-718-9856
We begin 2010 with some major changes to the Good Faith Estimate and how it is used. You’ve most likely heard about the new law that went into effect January 1, 2010 stating that mortgage advisors must now honor all lending fees they quote in their Good Faith Estimate. They must also stand behind the estimates they quote for other third party fees includ