Increased penalties, liability is best for RESPA

Re: 'Industry slams HUD's RESPA proposal' (May 22)

Dear Editor:

Increasing penalties and allowing civil action against lenders and brokers will be the most effective step in bringing the industry to a higher level of performance.

All the rest is window dressing.

Gordon Schlicke
Consultant
Seattle

***

What's your opinion? Leave your comments below or send a letter to the editor.

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.