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Tuesday, May 12, 2009 HUD committed to RESPA changes
Housing Secretary Shaun Donovan says he remains committed to implementing new standardized loan-disclosure forms and settlement procedures proposed last year by the Bush administration, although HUD is stepping back from a proposal to ban certain incentives offered by homebuilders.
Meanwhile, the prospects of legislation that would force HUD to delay by one year implementation of changes to the Real Estate Settlement Procedures Act (RESPA) -- currently scheduled to take effect Jan. 1 -- remain uncertain, despite a lopsided House vote last week. More » NAR: REOs, short sales pull down home prices
88% of metro areas tracked report year-over-year declines
Don't lose short sales to foreclosure
Letter to the Editor
Five lose licenses in 'builder bailout' scheme
Group recruited straw buyers for 220 sales in Minnesota
Goldman to restructure subprime loans
$60 million settlement with Massachusetts attorney general
Mortgage shoppers need reality check
Book Review: 'Navigating the Mortgage Minefield' OTHER TOP STORIES FTC alleges bias in loan 'overages'
GEM Mortgage denies charging Hispanic applicants more 8 insurance tips to avoid financial ruin
When disaster strikes, make sure house is covered Big-screen TVs: prime time to subprime
House Keys The Realty Alliance partners with Realtor.com
Marketing agreement lets members promote services More Headlines »
NOTABLE QUOTE "As the number of REOs on the market has steadily increased, so has the amount of sheer filth my clients and I encounter on a daily basis. In fact, most of my clients have developed a bizarre (but sensible) Pavlovian response ..." --Tara-Nicholle Nelson | 
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