|
Changes to Settlement (RESPA) HUD
has proposed changes to RESPA
which provide borrowers more complete, accurate and understandable information
about their mortgages. These changes will also help borrowers shop for the best
loan. FHA'S
Loan Limits Help Borrowers
Effective March 6, HUD offers temporary FHA loan limits that range
from $271,050 to $729,750. Overall, the change will help provide economic stability
to America's communities and give nearly 240,000 additional homeowners and homebuyers
a safer, more affordable mortgage alternative. To learn more, please read mortgagee
letter 2008-06.
|