RESPA reform for builders.
Looks like some of the REO world will receive some much needed madness control.
HUD has passed much needed RESPA reform. Starting January 15, 2009, Builders will no longer
be able to force customers to use only their title company or their lender with the use of phantom incentives. Consumers will no longer be punished for using their own service provider and lose valuable sales concessions.
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