RESPA ‘Curse’ Afflicts Latest Reform Effort as Industry Trade Groups Oppose Finalization of Current Proposal
August 7, 2008
It is déjà vu all over again as stakeholders united to urge the Department of Housing and Urban Development to drop or reconsider a pending proposal to reform Real Estate Settlement Procedures Act regulations and work instead with the Federal Reserve Board to combine RESPA and Truth in Lending Act disclosures. In a July 31 letter to both HUD and the Office of Management and Budget...