Tuesday, October 30, 2007

HUD Announces Six Settlement Agreements With Builders Involved In Captive Title Reinsurance Arrangements

HUD Announces Six Settlement Agreements With Builders Involved In Captive Title Reinsurance Arrangements: "The U.S. Department of Housing and Urban Development today announced separate settlement agreements with six major homebuilders that engaged in complex business arrangements involving captive title reinsurance. The agreements announced today stem from alleged violations of The Real Estate Settlement Procedures Act (RESPA) and total nearly $1.4 million."

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