Believe it or Not, RESPA is Still on the Radar Screen
July 21, 2006
Stop us if you’ve heard this one before, but the Department of Housing and Urban Development says that by year-end it intends to unveil a new disclosure scheme for residential mortgages as part of an overhaul of its Real Estate Settlement Procedures Act regulations. HUD has banged this drum before: in 2002, the industry headlines were dominated by HUD’s effort to craft a disclosure scheme that would combine a new good faith estimate with…