Industry Groups Seek Delay of RESPA Rule, Ask HUD for ‘Reasonable’ Time to Iron Out Kinks
October 15, 2009
Mortgage lenders and settlement service providers this week urged federal housing regulators to postpone the implementation date of a new, controversial Real Estate Settlement Procedures Act rule in favor of a “reasonable” implementation period. In a joint letter to the Department of Housing and Urban Development this week, five mortgage industry trade groups warned that the frequently-asked...