Roundtable participants suggest enhanced GFE for RESPA reform.(Business Alert)(Real Estate Settlement Procedure Act )(Panel Discussion)

From: Mortgage Banking | Date: September 1, 2005| Author: | Copyright information

WHATEVER HUD DOES IN ITS EFFORT TO reform RESPA, it is vital that the "cure" does not turn out to be worse than the "disease," noted participants in HUD's RESPA Roundtables in July and August.

"I would urge us first to follow the physician's heed of 'Do no harm,'" said Joseph Falk of the National Association of Mortgage Brokers (NAMB).

Throughout July and August, the department held six roundtable discussions--three in Washington, D.C., and the other three in Chicago, Los Angeles and Fort Worth, Texas--with the public and industry leaders as HUD began a new tact on its ...

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