REALTORS® won big when a federal appeals court slammed the Consumer Financial Protection Bureau for a RESPA referral fine it levied on a mortgage company that was following HUD rules. The Voice for Real Estate video for the week of Oct. 17, 2016, also looks at the drop in delays one year after new closing rules took effect. It also looks at why it will take a few years before the Rural Housing Service can use delegated underwriting like FHA. And NAR scores a win when an FHA handbook is changed to remove a provision that would have required appraisers to act more like home inspectors when it comes to appliances.
Published on Oct 18, 2016