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Home » Store » News » Vendor Management Group Wants Guaranteed Rate Out of Package

Vendor Management Group Wants Guaranteed Rate Out of Package

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A vendor management trade group for title insurers and appraisers has called for the elimination of the interest rate guarantee in the Bush administration’s proposed mortgage packaging rule to enable both lenders and non-lenders to offer fixed-cost bundled settlement services. The Title/Appraisal Vendor Management Association’s position came as a surprise to some industry observers who thought vendor management companies supported HUD’s proposal for single mortgage packaging.
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