HUD: Consumers will shop for loans

Consumers will be less likely to accept overpriced loans, title insurance, and other services -- including those offered by businesses affiliated with real estate brokerages and builders -- once new loan disclosure forms and settlement procedures are fully in place at the end of next year.

That's according to a lengthy review by the Department of Housing and Urban Development of its proposed changes to the Real Estate Settlement Procedures Act.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.