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HUD/OH RIN: 2502-AI61 Publication ID: Spring 2008 
Title: Real Estate Settlement Procedures Act (RESPA); To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Costs (FR-5180) 
Abstract: In July and August 2005, HUD held seven roundtable discussions about possible changes to HUD's RESPA regulations with industry, including small business entities, consumers, and other interested parties. These roundtables were held at HUD Headquarters and in the cities of Los Angeles, California; Chicago, Illinois; and Fort Worth, Texas. HUD found the roundtable discussions to be very informative and, after further considerations of the issues and proposals raised at the roundtables and further assessment of current mortgage industry practices, HUD is proposing changes to its RESPA regulations that would improve and standardize the Good Faith Estimate (GFE) form to make it easier to use for shopping among settlement providers and help borrowers understand how yield spread premiums can affect their settlement charges. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 24 CFR 3500   
Legal Authority: 12 USC 2601 et seq    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/14/2008  73 FR 14030   
NPRM Comment Period End  05/13/2008    
Final Action  10/00/2008    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: Yes 
RIN Data Printed in the FR: Yes 
Agency Contact:
Bart Shapiro
Director, Office of RESPA and Interstate Land Sales
Department of Housing and Urban Development
Office of Housing
451 7th Street SW.,
Washington, DC 20410-0001
Phone:202 708-0502