RESPA Enforcement Continues as Industry Awaits Word on Reform
September 11, 2006
As federal regulators continue working on settlement service reform, regulatory enforcement of the Real Estate Settlement Procedures Act continues at an urgent pace. On Sept. 6, the Department of Housing and Urban Development and the Federal Deposit Insurance Corp. announced separate settlements with a Boston attorney and real-estate appraisal company for alleged violation of RESPA’s anti-kickback provision. This developed as a top HUD official at the Mortgage Bankers Association’s Legal Issues conference in...