HUD Policy a Boon to Paper Manufacturers

For some reason the federal government must have a disdain for the environment.  In preparation for a class this morning on the new 2010 RESPA requirements, I discovered that there is a much more agregious assualt on our timber resources than the HUD 1 going from two pages to three and the Good Faith Estimate going from one page to three.  On page three of HUD's new Settlement Cost Booklet there is a sentence that reads, "..RESPA requires lenders and mortgage brokers to give you this booklet within three days of applying for a mortgage loan."  That booklet my friends is 48 pages long.  Every mortgage applicant must receive one.  What wasteful measure will they think of next.