Comments on: RESPA Reform and the GFE http://landrecs.com/education/respa-reform-and-the-gfe/ Landrecs.com - Land Title Abstracting and Title Insurance Education Sun, 24 Jul 2011 21:46:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Diane Cipahttp://landrecs.com/education/respa-reform-and-the-gfe/comment-page-1/#comment-44 Diane Cipa Sun, 30 Mar 2008 22:58:25 +0000 http://landrecs.com/blog/2008/03/24/respa-reform-and-the-gfe/#comment-44 Thanks for posting this RESPA info. I support the new GFE and closing script because in the long run I believe unscrupulous loan originators will be forced by the system to either get honest or get out of the business. The set-up is a nice easy to understand self-policing form of compliance. Mortgage lenders and settlement agents have compliance burdens which they are likely to take seriously.Though the system is different, I believe the change will be worth it in the long run. Thanks for posting this RESPA info. I support the new GFE and closing script because in the long run I believe unscrupulous loan originators will be forced by the system to either get honest or get out of the business. The set-up is a nice easy to understand self-policing form of compliance. Mortgage lenders and settlement agents have compliance burdens which they are likely to take seriously.

Though the system is different, I believe the change will be worth it in the long run.

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