When a lender issues a revised GFE to reflect that the rate has been locked, what blocks may be revised?
The lender will change:
- Line 1 in the Important Dates to reflect how long the locked interest is good;
- Line 4 in the Important Dates to state N/A;
- Blocks 2, A and 10 on page 2 to reflect changes in interest-dependent charges; and
- Any changed terms of the loan.
This can be found in FAQ #19 of HUD's FAQs. HUD's FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm.