Wednesday, July 19, 2006

HUD REACHES RESPA SETTLEMENTS WITH MAJOR LENDER AND BUILDERS FOR $1.6 MILLION

HUD REACHES RESPA SETTLEMENTS WITH MAJOR LENDER AND BUILDERS FOR $1.6 MILLION: "The Department of Housing and Urban Development today announced $1.6 million in settlements under The Real Estate Settlement Procedures Act (RESPA) with a national mortgage lender and two major homebuilders that engaged in business practices involving captive title reinsurance."

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