WHAT WAS HUD THINKING?
The latest on RESPA “reform” craziness:
Sanity and common sense are not part of HUD’s agenda.
Learning to prepare the 2010 HUD-1 settlement statement has been overwhelming for the settlement industry.
It is obvious to us that different lenders interpret the new RESPA rules differently and provide to us, a different set of instructions.
The lack of consistency is causing chaos and confusion through out the real estate industry.
Bottom line......
The real victims:
The consumers!
WHAT WERE THEY THINKING?
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