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RESPA Revision

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Question: 
I have been looking for the resolution to the proposed rule on changes to RESPA regarding settlement costs as discussed in the July 2002 Federal Register. Comments were due by 10/28/02. HUD's website still indicates that they are proposals. Are there any links in BankersOnline that can provide an update?Thank you for your assistance.
Answer: 

This seemed to be on the fast track and in my opinion, didn't have a lot of concern for the bankers comment letters when the comment period ended. But there were some politicians who wanted the reins pulled in a bit on this and it slowed. I believe HUD also lost some of its backers.

The bottom line is that it hasn't really gone any where that I have read of.

First published on BankersOnline.com 12/15/03

First published on 12/15/2003

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