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Are you working with lenders that are not sending you GFEs? Instead they are saying all of the information you need is in their loan closing instructions? Is that legal? On page 53 of HUD’s latest FAQs, HUD says: “The lender is required to transmit the information necessary to complete the [...] Yes! HUD says in its FAQs: Each loan must have a separate GFE and a separate HUD-1. However, the principal amount of the second loan and a brief explanation of the second loan should be listed on Lines 204 – 209 of the HUD-1 for the first loan. [...] |
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