RESPA rule delayed again

White House office review to take another 30 days

Realty and mortgage brokers and associations that have been waiting for the Office of Management and Budget to comment on the U.S. Department of Housing and Urban Development’s new Real Estate Settlement Procedures Act rule will have to wait a while longer for any information.

OMB’s comment letter was expected this week at the end of a 90-day review period; however, OMB, a White House office, has extended its review of the rule for another 30 days, at HUD’s request, according to HUD spokesperson Brian Sullivan.