House Subcommittee Raps HUD for Declining to Defend RESPA Proposal; Lawmakers Urge OMB to Reject Rule
September 18, 2008
House lawmakers took the Department of Housing and Urban Development to task this week for not appearing at a hearing to defend its proposed changes to streamline Real Estate Settlement Procedures Act regulations. HUD sent a draft final rule to the Office of Management and Budget in August after getting widespread criticism of its earlier proposal. Rep. Melvin Watt, D-NC, chairman of the...