The new GFE line by line presentation

THE NEW GFE A Line-By-Line Analysis Presented by: Michael J. Barker, Esq., Ian P. Luthringer, Esq., Hinshaw & Culbertson LLP 50 North Laura Street, Suite 2200 Jacksonville, Florida 32202 (904) 359 – 9620 [email_address] [email_address] The following is not legal advice and shall not be construed to create an attorney-client relationship with the presenter.

Standardized Form ,[object Object],[object Object],[object Object]

Altering the GFE ,[object Object]

Identifying Information Blocks Top of Page 1 ,[object Object],[object Object],[object Object]

Purpose – Page 1 ,[object Object],[object Object]

Shopping for Your Loan – Page 1 ,[object Object],[object Object]

Important Dates – Page 1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Summary of Your Loan – Page 1 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Summary of Your Loan Page 1 - Continued ,[object Object],[object Object],[object Object],[object Object]

Summary of Your Loan Page 1 - Continued ,[object Object],[object Object]

Summary of Your Loan Page 1 - Continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Escrow Account Information – Page 1 ,[object Object],[object Object],[object Object]

Summary of Your Origination Charges Page 1 ,[object Object],[object Object],[object Object],[object Object]

Understanding Your Estimated Settlement Charges - Page 2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Understanding Your Estimated Settlement Charges - Page 2 – Cont. ,[object Object],[object Object],[object Object],[object Object]

Understanding Your Estimated Settlement Charges - Page 2 – Cont. ,[object Object],[object Object],[object Object],[object Object],[object Object]

Understanding Your Estimated Settlement Charges - Page 2 – Cont. ,[object Object],[object Object],[object Object]

Your Charges for All Other Settlement Services – Page 2 ,[object Object],[object Object],[object Object],[object Object]

Your Charges for All Other Settlement Services – Page 2 - Continued ,[object Object],[object Object],[object Object]

Your Charges for All Other Settlement Services – Page 2 - Continued ,[object Object],[object Object],[object Object],[object Object]

Your Charges for All Other Settlement Services – Page 2 - Continued ,[object Object],[object Object]

Understanding Which Charges Can Change At Settlement – Page 3 ,[object Object],[object Object],[object Object]

Using the Tradeoff Table ,[object Object],[object Object],[object Object],[object Object]

Using the Tradeoff Table - Continued ,[object Object],[object Object],[object Object],[object Object]

Using the Shopping Chart ,[object Object],[object Object]

If Your Loan Is Sold In The Future ,[object Object],[object Object]

Service Provider List ,[object Object],[object Object],[object Object]

HUD’s Settlement Cost Booklet ,[object Object],[object Object]

Changed Circumstances ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],Example 1 – Retail Pricing

Example 1 – Wholesale Pricing ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],Example 1 - Comparison Wholesale Disclosure

Example 1 – Retail Pricing - Changed Circumstance ,[object Object],[object Object],[object Object],[object Object],[object Object]

Example 1 – Wholesale Pricing - Changed Circumstance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],Example 2 – Retail Pricing $500 x $1,000 5.25 -$1,000 -$500

Example 2 – Wholesale Pricing ,[object Object],[object Object],[object Object],[object Object],[object Object],$4,500 x $5,000 5.25 -$5,000 -$500

Q&A ,[object Object],[object Object]

Q&A ,[object Object],[object Object],[object Object],[object Object]

Q&A ,[object Object],[object Object],[object Object],[object Object],[object Object]

Q&A ,[object Object],[object Object],[object Object]

Q&A ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Bibliography ,[object Object],[object Object],[object Object]

The new GFE line by line presentation

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