NAMB / HUD GFE and YSP Webinar

NAMB / HUD Webinar Replay

HUD / NAMB Presentation Slides

*IMPORTANT*

The live webinar will only hold the first 1000 registrants that login. However, we will have the recording posted on this site within 24 hours after the event.

*The sound went out for about half of the listeners 10 minutes into the live webinar due to some tech issues. We sincerely apologize to those of you that were unable to view or listen to the live event.

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Presenters:

• Vicki Bott – HUD Deputy Assistant Secretary
• Roy DeLoach – NAMB CEO
• Alice Alvey – Mortgage U – President

The purpose of this particular NAMB / HUD webinar is to give mortgage brokers a high level overview of the general changes that they need to be aware of.

While an hour is obviously not nearly enough time to address anything in great detail, our objective is to stimulate conversations and questions that NAMB officials can use in their fight for the rights of mortgage brokers.

Video Bullets:

• 00:00 – Introductions
• 09:42 – RESPA / GFE Updates
• 11:35 – Effective Date
• 12:33 – GFE Triggers
• 14:38 – GFE Notice Requirements
• 18:02 – GFE Block 1
• 22:21 – GFE Block 1 Questions
• 23:14 – GFE Line Block 2
• 25:01 – Float to Lock Scenario
• 36:32 – GFE Page 2
• 40:03 – Which Charges Can Increase?
• 44:15 – RESPA/GFE Q&A
• 47:30 – Message From Credit Technologies
• 52:16 – FHA Appraisal Policy
• 59:55 – FHA Broker Approval / Mini-Eagle

NAMB Sponsor:

Via NAMB.org

• Legislative Action Center
• Government Affairs Highlights
• NAMB Grassroots Advocacy
• NAMB West
• Join NAMB

Via NationalMortgageProfessional

• Articles: NAMB
• Articles: FHA
• Articles: GFE
• Articles: YSP

• Web-based GFE Title Quote Calculator
• GFE / Compliance Overview
• A message from the desk of David H. Stevens, Assistant Secretary for Housing/FHA Commissioner

Via Mortgage Blogger Network

• Changed Circumstance: When a Good Faith Estimate CAN be Re-Issued
• Why Stop With The Bath Water When You Can Throw Out The Baby At No Additional Charge?
• The New Good Faith Estimate – GFE
• Major Banks No Longer Allowing Mortgages With Zero Points/Zero Costs
• Is The New GFE an Improvement?

New GFE From Street Level

via: Mortgage Coach Video Community

Old GFE vs New GFE

via: Mortgage Coach Video Community

Top 9 Things Not On New GFE

via: Phil Sexton

Stop Rate Shopping

via: Mortgage Coach Video Community

GFE Explained – Old vs New

via: Jim Barnett Consulting

GFE / HUD Updates From NAR