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RESPA reform proposal So hud just released thier proposal to the federal register indicating a new change to the GFE forms used in mortgage closings. This is a major change that can affect the industry especially brokers who charge ysp who now have to show how much ysp they are getting which before they don't have to disclose. Last time they tried to change the good faith estimates was back in 2002. Alot of brokers were furious when they first heard about this I remember back in June of 2007 but now it seems to be official they put the proposal on the register and we might hear something in as early as may of 2008. So who knows I am curious to see how this will effect the industry down the road.

Contributed by JustinSMV on March 16, 2008, at 2:47 AM UTC.

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