Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Secretary of Housing Steve Preston lashed out Wednesday at "reprehensible" attempts by lawmakers to head off changes in the way mortgages and settlement services are marketed and sold to consumers, and said HUD remains intent on overhauling the Real Estate Settlement Procedures Act.Preston's remarks to the Exchequer Club in Washington, D.C., followed some of the fiercest criticism of the Department of Housing and Urban Development's proposed RESPA changes to date by industry opponents at a congressional hearing Tuesday.Industry groups including the National Association of Realtors, the American Land Title Association and the The Real Estate Services Providers Council dismissed HUD's claims that proposed changes to RESPA could save consumers billions of dollars.HUD, which did not ...