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RESPA Stakeholders Elated by HUD’s 120-Day Grace Period to Help Ease RESPA Compliance
Mortgage lenders are praising the Department of Housing and Urban Development for announcing restraint in enforcing new regulatory requirements under the Real Estate Settlement Procedures Act for the first four months of the new rule, due to take effect on Jan. 1, 2010. The Mortgage Bankers Association and the Consumer Mortgage Coalition said they are pleased with HUD’s instruction last...
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