Figuring out new RESPA rules: lenders report delays, confusion

HUD issues guidance on preapprovals, worksheets

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

Many lenders haven’t yet fully implemented technology to comply with new rules that took effect this year under the Real Estate Settlement Procedures Act (RESPA), and most are taking longer to provide disclosures when borrowers submit loan applications, according to a survey by Equifax.