HUD's FAQs - If a Mortgage Broker Provides the Initial GFE and the Lender Accepts the Loan, Can the Lender Issue a New Initial GFE?

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Q: If a mortgage broker provides the initial GFE and the lender accepts the loan, can the lender issue a new initial GFE?

A: No. The lender is bound by the charges and terms disclosed on the initial GFE provided by the mortgage broker.

This can be found in GFE-General – FAQ #29 of HUD’s FAQs.  HUD’s FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm.

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