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Business news briefs for 02/23/10 - Pittsburgh Post GazetteBusiness news briefs for 02/23/10Pittsburgh Post GazetteFor all of 2009, the bank, which supports residential mortgage activities of local financial institutions, lost $37.4 million compared with net income of ...and more »
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Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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