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Home » Store » News » FTC, GAO Rebut HUD on RESPA Rule Benefits

FTC, GAO Rebut HUD on RESPA Rule Benefits

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The Federal Trade Commission and the General Accounting Office have released studies disputing claims that proposed consumer disclosures in a pending final rule reforming Real Estate Settlement Procedures Act regulations would make the mortgage process clearer to consumers. The studies released by the agencies last week could provide new ammunition to industry groups, consumer advocates and Congressional critics calling for a new RESPA reform proposal and another opportunity to comment.
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