RESPA Proposed Rule to Be Published Soon

February 26, 2008

Attend ALTA's 2008 Federal Conference to Talk with HUD Officials About the Proposal
All indications are that HUD will be publishing their proposed RESPA regulation within the next week or so. It is expected the rule will offer a new Good Faith Estimate (GFE), changes to the HUD-1, cost tolerances, and a new "Closing Script" that will need to be drafted and read by every closer to the consumer. These issues and others will definitely impact how you do business. ALTA has planned a RESPA session with HUD staff and a speech from Brian Montgomery, Assistant Secretary for Housing to update attendees during the Federal Conference, March 10-12 in Washington, DC. Register today at www.alta.org for program information on the 2008 Federal Conference. As an added benefit, specific Federal Conference sessions have been approved for either CLE or CE credit in some states. Click here to learn more.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.