Realtors move to protect homebuyers

Article Abstract:

Realtors across the country are seeking clarification of the US Department of Housing and Urban Development's FHA Homebuyers Protection Plan. Under the new rules, buyers must sign a disclosure outlining why a home inspection is necessary and how it differs from an appraisal.

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The great bank heist

Article Abstract:

The independent nature of American real estate brokerage firms is being threatened by the proposed changes to professional status, resulting in a classification of financial activity.

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Brave new world: industry, lawmakers say hud's reform could reshape settlement business

Article Abstract:

The Housing and Urban Development's proposed overhaul of the Real Estate Settlement Procedures Act will provide incentives for providers to offer packages of services, such as pest inspection, title insurance and title search, to home buyers. However, this will deliver most of the business to a few major lenders, making it difficult for brokers and small lenders who would effectively be driven out of the settlement business. HUD has received many negative comments about this proposal.

United States, Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Mortgages, Other Activities Related to Real Estate, Administration of Housing Programs, Urban Planning, and Development, Dept of Housing & Urban Dev, REAL ESTATE, Real Estate Services, Real estate industry

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