New RESPA Guidelines and A HUD Foul-Up

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I have two quick updates for you.

First, as a preface for my next update I would like to point you to Peter Miller’s blog FHA Mortgage Guide where he points out reports that HUD itself has been violating RESPA for some time! You can find the post entitled “Fake Morality” by clicking on the links in this paragraph.

Second, I would like to point out that HUD has released new RESPA guidelines for public comment. We have been waiting for quite some time to see these guidelines and you can download them here. Make sure you are on a high speed connection or have a little time to spare, it is 96 pages long. Keep in mind that this is just a release for public comment and is not necessarily the final version.

I will have more comments on these guidelines in the next few days and would love to hear yours.