March, 2009
New RESPA Rules to Affect Our Industry
On November 12, 2008, the Department of Housing and Urban Development (HUD) released new rules to reform the Real Estate Settlement Procedures Act (RESPA). The new rules are designed to help homebuyers be more aware of what their money is paying for, therefore protecting the consumer from unfair loan origination fees and closing costs. From the point of loan origination to the closing, the rules limit the total amount that fees can change to ten percent. Updated forms, including the Good Faith Estimate (GFE) and HUD-1(A) can be viewed at HUD's website http://www.hud.gov. To help the loan originators, H.B. Wilkinson Title Company will provide lenders with a company wide price sheet prior to RESPA's dead- line of January 1st, 2010. We will make sure that our pricing is easy to understand and in return, it will help the lenders be able to give their customers an estimate...in good faith.
Tech Fair 2009 "Gidgets & Gadgets"
Attention all Realtors®!
The Realtor® Association of Northwest Illinois presents a FREE technology/information Fair to be held at Highland Community College on Thursday March 12th. A great networking opportunity, over 5,000 Realtors® are invited, including Associations from Iowa and Wisconsin. There will be FREE lunch, FREE Technology Seminars throughout the morning, and a chance to win a FREE digital camera. Also, the 1st 100 people in the door will receive a 2GB USB Flash Drive with all vendor & presentation information.H.B. Wilkinson Title Company will be one of the many booths to visit, giving Paperless Closer© presentations all day long. Stop by and see us for a chance to win a prize.
For more information please email Kirsten at kadami@hbwtitle.com or you can call Deb at the Realtor Association of Northwest Illinois Office at 1 (800)980-2214
