Small business owners sounded off "loud and clear" about real estate settlement packages at Thursday's roundtable discussion on how to improve the home-buying process led by the Department of Housing and Urban Development, a department spokesman said. "Spirited debate is not only useful, it's pivotal," HUD spokesman Brian Sullivan said of the roundtable. The Los Angeles meeting was co-hosted by the Small Business Administration and sought business input on reform of the Real Estate Settlement Procedures Act, known as RESPA, which regulates the mortgage-closing process. The meeting was the second of a series of six roundtables planned by HUD to collect input from consumers and industry professionals on how to simplify the home-buying process. The first was held last week. Both last wee...
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