Large Banks Back GMP Concept, Oppose Dual Packaging Approach
September 8, 2003
The policy arm of the Financial Services Roundtable, which represents the nation’s largest financial institutions, announced its support for a mortgage packaging concept but stopped short of endorsing the Bush administration’s bundled services proposal. In a Sept. 2 letter to the Department of Housing and Urban Development, the Housing Policy Council said that as a newly formed adjunct of FSR it wanted its views on HUD’s proposed RESPA reform known even though the comment