Ch.13-Web Assignment-pg365 - home purchase loans lender...

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Chapter 13: Brokering and Closing the Transaction Robb Page 04-Mar-2010 FIN 497: Real Estate Principles Professor Clements Explore the Web – page 365. Go to HUD’s RESPA homepage: www.hud.gov/offices/hsg/ramh/res/respa_hm.cfm. Once there, see if you can find what residential home sales and financings are covered by RESPA. Specifically, the coverage includes: most loans secured by a lien on residential property
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Unformatted text preview: home purchase loans lender approved assumptions refinance loans a loans for property improvement home equity lines of credit reverse mortgages Installment sales contracts, or land contracts, would also be covered if part of the loan is also funded by another loan on that property that happens to be covered by RESPA. See attachments for details. 1...
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This note was uploaded on 04/25/2010 for the course FIN 497 taught by Professor Clements during the Spring '10 term at University of Missouri-Kansas City .

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