http://www.respalawyer.com/ Published by Sterbcow Law Group LLC en-us 2010-01-29T14:57:18-06:00 http://www.respalawyer.com/2010/01/respa_updated_respa_rule_faqs_1.html The U.S. Housing and Urban Development's Real Estate Settlement Procedures Act (RESPA) Division released new updated FAQs on Jan. 28, 2010. The new RESPA frequently asked updated question and answers (FAQs) are in bold. One of the new questions asks... RESPA Marx Sterbcow 2010-01-29T14:57:18-06:00 http://www.respalawyer.com/2010/01/respa_reform_question_where_do_1.html Three weeks have gone by since the new RESPA Regulations went into effect and the most commonly asked question we have encountered thus far is how are Seller Paid Transfer Tax Charges shown. The Frequently Asked Questions "FAQs" state that... HUD-1 Settlement Statement Marx Sterbcow 2010-01-21T10:02:54-06:00 http://www.respalawyer.com/2009/12/respa_hud_releases_new_49_page_1.html The Department of Housing and Urban Development (HUD) released the new Settlement Cost Booklet. The 49 page informational booklet must be delivered to consumers within three days of the application along with the Good Faith Estimate (GFE) for a mortgage... RESPA SECTION 5: SPECIAL INFORMATIONAL BOOKLET Marx Sterbcow 2009-12-22T16:11:57-06:00 http://www.respalawyer.com/2009/12/respa_hud_announces_new_respa.html The U.S. Department of Housing and Urban Development announced that it would be holding a Real Estate Settlement Procedures Act (RESPA) outreach campaign for real estate industry compliance issues last week.... RESPA Marx Sterbcow 2009-12-07T13:20:37-06:00 http://www.respalawyer.com/2009/11/respa_hud_officially_delays_hu.html HUD announced today a delay in "HUD ENFORCEMENT" on the new RESPA Rule which goes into effect on Jan. 1st, 2010 on FHA loans. We need to highlight the fact that only HUD Enforcement of the new RESPA rule has... RESPA Reform Marx Sterbcow 2009-11-13T14:23:42-06:00 http://www.respalawyer.com/2009/10/respa_reform_ivy_jackson_issue.html The Director of the Office of RESPA and Interstate Land Sales for the U.S. Department of Housing and Urban Development, Ivy Jackson, clarified an major issue today that addresses industry confusion over the Yield Spread Premium "YSP". Several wholesale lenders... YIELD SPREAD PREMIUM "YSP" Marx Sterbcow 2009-10-30T14:45:07-06:00 http://www.respalawyer.com/2009/10/breaking_news_respa_reform_bil_1.html The Real Estate Settlement Procedures Act "RESPA" regulations set to take place on January 1, 2010 has purportedly been delayed by HUD for six months. We are now waiting for an official announcement to take place by HUD to officially... RESPA Marx Sterbcow 2009-10-28T13:07:19-06:00 http://www.respalawyer.com/2009/10/home_valuation_code_of_conduct_1.html Housing Wire reports that Rep. Gary Miller (R) of California's bill to sunset the HVCC in HR 3126 passed the House Financial Services Committee this week. Several industry associations have quietly confirmed to me that the Home Valuation Code of... HOME VALUATION CODE OF CONDUCT (HVCC) Marx Sterbcow 2009-10-23T12:52:54-06:00 http://www.respalawyer.com/2009/09/federal_reserve_board_proposes_1.html The Federal Reserve Board is proposing the most significant change to Regulation Z of the Truth In Lending Act that we have seen since the law was introduced. The change severely limits compensation that banks, mortgage lenders, and mortgage brokers... TRUTH IN LENDING ACT Marx Sterbcow 2009-09-24T10:49:32-06:00 http://www.respalawyer.com/2009/09/hud_releases_more_faq_updated.html The United States Department of Housing and Urban Development (HUD) provided updated RESPA Reform compliance guidance on the HUD-1 Settlement Statement three times in the last few weeks. The following frequently asked questions (FAQs) involve only the HUD-1 below and... RESPA Reform Marx Sterbcow 2009-09-08T20:53:23-06:00