• Analysis of New Proposed RESPA Rule
  • August 14, 2003 | Author: Joseph M. Kolar
  • Law Firm: Goodwin Procter LLP - Boston Office
  • On July 29, 2002, the Department of Housing and Urban Development ("HUD") published an extensive proposed rule (the "Proposed Rule" or "Proposal") to simplify and improve the process of obtaining home mortgages and reduce settlement costs for consumers. The Proposal released on July 29th contained one part (Chapter 5) of HUD's Economic Analysis that was prepared for the Proposed Rule. That part contains HUD's Initial Regulatory Flexibility Analysis. Comments on the rule are due by October 28, 2002.