OMB Urged to Drop RESPA Rule; HUD Rapped for Refusing to Testify
September 22, 2008
House lawmakers last week urged the Office of Management and Budget to reject and return a revised Real Estate Settlement Procedures Act proposal that federal housing regulators submitted for final review last month. In a joint letter to OMB Director Jim Nussle, Reps. Ruben Hinijosa, D-TX, and Judy Biggert, R-IL, recommended that the agency return the RESPA reform proposal to HUD with...