Posted by Kelly on November 12, 2008, 8:03 am, in reply to "HUD to announce RESPA today"
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--Previous Message--
: From ALTA Grassroots Action Center
: Click here for More Info
:
: To: Grassroots Activists
: From: ALTA Grassroots Action Center
: Date: November 12, 2008
: Subject: RESPA
:
: HUD Secretary Steve Preston plans to
: roll out the department's final rule
: on RESPA today. ALTA will watch
: developments closely and provide
: updates throughout the day, week and
: beyond.
:
: The final rule is not expected to
: include a closing script. ALTA staff
: have not yet seen the rule and will
: reserve analysis until they are able
: to read the final text.
:
: More information can be found in this
: Wall Street Journal article which
: indicates, "The Department of
: Housing and Urban Development plans to
: announce Wednesday morning its final
: version of new rules designed to help
: Americans shop for mortgages more
: effectively. Lobbyists said HUD
: appears to have dropped a provision
: that would have required a lengthy
: "script" to be read to
: borrowers at the closing table,
: setting out the terms of the
: loan."
: This post is strictly the opinion of
: the author
: and may not reflect the opinion of the
: management nor of any other user of
: this forum.
:
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: Email me
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: I am not an attorney licensed to
: practice law in the State of Florida,
: and I may not give legal advice or
: accept fees for legal advice.
:
:
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