FDIC Asked to Temporarily Curb Zealous RESPA Enforcement
January 11, 2010
The Consumer Mortgage Coalition is asking to meet with the Federal Deposit Insurance Corp. in the wake of the group’s request for a four-month reprieve on enforcement of new disclosure requirements under the Real Estate Settlement Procedures Act. On Dec. 23, the FDIC surprised the mortgage industry by formally announcing that agency examiners will begin examining for RESPA...