Lender Discusses Major Causes of Heartburn in New RESPA Rule
December 7, 2009
The new Real Estate Settlement Procedures Act rule taking effect Jan. 1, 2010 is posing many challenges to lenders as they count down to the rule’s implementation date fraught with uncertainties and doubts. Like the rest of the industry, SunTrust Bank had a full year to adjust its systems to meet the new requirements to the standardized good faith estimate and HUD-1 settlement statement...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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