RESPA reform coming again Premium Content

Housing agency's plight to simplify home-buying process continues

Inman News®

CABO SAN LUCAS, Mexico -- RESPA reform is coming again, but it won't look much like the Department of Housing and Urban Development's recently failed effort to reform that law.  

That was the consensus of panelists discussing RESPA and related compliance issues last week at United General Title Insurance Co.'s "Mid-Winter Thaw" conference here on Mexico's Baja peninsula.

RESPA, which stands for the Real Estate Settlement Procedures Act, was enacted in 1974 to provide for the advance disclosure of closing costs and to prohibit kickbacks and excessive fees in the hom

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