RESPA: HUD ANNOUNCES NEW RESPA OUTREACH CAMPAIGN

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.

HUD No. 09-218 Brian Sullivan (202) 708-0685 FOR RELEASE Thursday December 03, 2009

HUD ANNOUNCES NEW RESPA OUTREACH CAMPAIGN
Live interactive online presentations designed to offer ‘plain English’ on a host of compliance issues WASHINGTON – In an effort to address industry concerns about how to implement new mortgage rules due to take full effect on January 1st, the U.S. Department of Housing and Urban Development today announced a series of live interactive online presentations intended to increase readiness among mortgage professionals.

“We’ve been working overtime to answer questions and provide training to as many organizations as we can,” said David Stevens, HUD Assistant Secretary for Housing/Federal Housing Commissioner. “On the eve of these new requirements, I want to accelerate our focus with a heavy dose of plain English and customer service to help the industry prepare.”

Beginning today, HUD will participate in a series of live online presentations to explore RESPA’s new requirements. Led by Vicki Bott, HUD’s Deputy Assistant Secretary for Single Family Housing, the online meetings are also intended to allow industry professionals to ask questions about implementing the new rules.

The following is the current schedule of HUD’s live online presentations*:

•December 3rd at 2 p.m.
•December 7th at 11 a.m.
•December 10th at 2 p.m.
•December 11th at 11 a.m.
•December 16th at 1p.m.