Federal housing regulators say they will "exercise restraint" for the first four months of 2010 in enforcing new regulations governing mortgage loan disclosures and settlement procedures.

The new rules, which the Department of Housing and Urban Development (HUD) has put forward under the authority of the Real Estate Settlement Procedures Act (RESPA), include a new good faith estimate (GFE) and HUD-1 settlement statement.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top