If you are a mortgage loan officer you probably cringe a little when you hear the words “RESPA Section 8”. Historically, this has been an area that has been very murky. There are tons of questions but not a lot in the way of actual guidance. Well, there is a little bit of good news! On October 7, 2020, the CFPB released some Frequently Asked Questions (FAQs) on RESPA Section 8 and they provided some much-needed clarity.
Click on the video to listen to Kevin explain more.
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Published
2020/11/23