Realtors, mortgage bankers at odds over packaging

HUD to close RESPA comment period today

A proposal to relax federal regulations to encourage the packaging of settlement services like title insurance with mortgage loans is either anticompetitive or doesn’t go far enough — depending on who’s weighing in.

Today is the last day to submit comments on the Department of Housing and Urban Development’s proposed changes to the Real Estate Settlement Procedures Act, or RESPA, and critiques from industry and consumer groups are flooding in at the last moment.