If the Borrower selects an off list provider how will the lender obtain those fees to redisclose the GFE?
o The lender processing department will contact the service provider chosen, review fees, and make the necessary changes to the GFE. The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. http://www.federalhousingtaxcredit.com/index.html This communication from Bank of America – may contain privileged and/or confidential information. It is intended solely for the use of the addressee. If you are not the intended recipient, you are strictly prohibited from disclosing, copying, distributing or using any of this information. If you receive this communication in error, please contact the sender immediately and destroy the material in its entirety, whether electronic or hard copy. This communication may contain nonpublic personal information about consumers subject to the restrictions of t
