D.C. Federal Court Rejects NAMB Claims, Clears Way for Final RESPA Rule Implementation
August 6, 2009
A federal judge in the District of Columbia threw out a mortgage broker industry lawsuit seeking to stop the Department of Housing and Urban Development from implementing mortgage settlement reforms under the Real Estate Settlement Procedures Act, including a revised disclosure requirement for yield-spread premiums, or YSPs. U.S. District Court Judge James Robertson found that the National...