PUBLIC SUBMISSION | As of: November 20, 2009 Tracking No. 804005ac Comments Due: May 13, 2008 |
Docket: HUD-2008-0028
FR-5180-P-01
Real Estate Settlement Procedures Act (RESPA): Proposed Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs
Comment On: HUD-2008-0028-0001
FR-5180-P-01: Real Estate Settlement Procedures Act (RESPA): Proposed Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs
Document: HUD-2008-0028-0017
Comment Submitted by Dan Kratochvil
1. The APR noted on the TIL always provided a good measure to compare different
loan options---how does the proposed rule incorporate this form? It appears that
the new propsed forms could show four equal loans with four differents APRs.
2. How will a federal or state bank show how much it is making on a loan; it
earns more than what appears on its GFEs.
3. In a purchase, where the seller pays some closing costs, how will the seller
paying closing costs affect the completion of the GFE?