RESPA Reform Proposal this Spring? Jackson Says Rule will be Out ‘Soon’
Mortgage lenders and other settlement service providers will “soon” be getting a proposed rule to streamline Real Estate Settlement Procedures Act regulations from the Department of Housing and Urban Development, according to HUD Secretary Alphonso Jackson. In remarks to the National Association of Mortgage Brokers’ legislative and regulatory conference in Washington, DC, this week, Jackson said his staff is still “weighing every option” in connection with RESPA reform and assured conferees that a proposed…