Industry NewsMortgage

Figuring out new RESPA rules: lenders report delays, confusion

HUD issues guidance on preapprovals, worksheets
Published on Apr 29, 2010

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by CareyBot

Many lenders haven't yet fully implemented technology to comply with new rules that took effect this year under the Real Estate Settlement Procedures Act (RESPA), and most are taking longer to provide disclosures when borrowers submit loan applications, according to a survey by Equifax.

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