New HUD GFE Outputs Added

by Michael Shohoney January 11, 2010 07:01

As many of you are painfully aware, new HUD GFE requirements went into effect on January 1, 2010.  Those requirements included a new GFE form that has some fairly complex calculations associated with it, particularly in the "Summary of your loan" section.  The complexity of the calculations actually precipitated HUD to defer enforcement of the new rules for an additional 120 days.  This deferment is strictly enforcement.  You must still produce and distribute the form as prescribed by the regulations.

On December 1, 2009, Math Corporation released new versions of our components and software packages that include the data necessary for the new disclosures.  If you need to comply with the new regulation, don't labor over it, contact us and bring your systems up to 100% compliance!