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• Real Estate Settlement Procedures Act Proposal Coming Soon

  Published: October 11, 2007, 11:32 am

  Tags: Housing Urban Development, Mortgage News, Mortgage News, Respa, Settlement, Proposal, Procedures, Sheet, Grouped, Tolerances, Revamps

  is very close to sending a RESPA proposal to the Office of Management and Budget that revamps the good faith estimate and HUD-1 settlement sheet, according to a high-ranking HUD official. The Real Estate Settlement Procedures Act proposal will be shipped over to the OMB “very soon,” HUD Assistant Secretary Brian Montgomery

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• National Association of Mortgage Brokers Blasts HUD's New RESPA Proposal

  Published: October 31, 2007, 11:08 am

  Tags: National Association Of Mortgage Brokers Namb, Housing And Urban Development, Mortgage News, Mortgage News, Savitt, Respa, Namb, Simplification, Vowed, Proposal, Rule, Namb

  oppose HUD’s latest RESPA proposal. The proposal, which had not yet been released officially, includes a four page good faith estimate instead of a one page GFE favored by the NAMB, Marc Savitt told attendees at the Southeast Mortgage Brokers Conference. Mr. Savitt charged that HUD had bowed to pressure from other industry

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