We use a service to manage our insurance. We recently got a notice that said:
“The new regulation requires a Good Faith Estimate (GFE) of the borrowers force placed insurance premium be included in the second warning notice.” (starting January 2014)
Perhaps I have missed this in all the informaiton I have been getting lately, but this is the first I have heard of this. I am assuming that they are using “GFE” as a general term and not as a term that is generally referenced in RESPA.