HUD Faces Uphill Climb on Consensus Rulemaking with Industry Groups Still Worlds Apart on RESPA Reform
October 21, 2004
The Department of Housing and Urban Development’s plan to seek consensus for mortgage settlement reform appears shaky as mortgage lenders and settlement service providers remain as divided as they had been in March when the department withdrew its controversial Real Estate Settlement Procedures Act proposed rule. Although there has been no word since HUD Secretary Alphonso Jackson early this summer began his consensus-building project – consultations with Congress and federal agencies that have a common