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Home » Store » News » MBA Action Creates Uncertainty, but Consumer Groups Hang Tight

MBA Action Creates Uncertainty, but Consumer Groups Hang Tight

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All appears to be quiet on the RESPA reform front in the wake of the Mortgage Bankers Association’s decision to withdraw its support for the Bush administration’s plan to streamline the mortgage and settlement service process. But it could be the calm before the storm. Since the MBA action, HUD officials have been avoiding discussing the RESPA reform rule. “The rule is in hiatus and HUD is assessing its options,” said an industry lobbyist.
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