Simplifying the Home Buying Process: HUD's Proposal to Reform RESPA : Hearing Before the Subcommittee on Housing and Community Opportunity of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eighth Congress, First Session, February 25, 2003 |
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Page 9
... result we and , now , this is a broad coalition of consumer and legal services programs across the country - have strongly ad- vocated to the Secretary that if he moves forward with the Guaran- teed Mortgage Package that he exclude from ...
... result we and , now , this is a broad coalition of consumer and legal services programs across the country - have strongly ad- vocated to the Secretary that if he moves forward with the Guaran- teed Mortgage Package that he exclude from ...
Page 13
... result of receiving offers of guaranteed mortgage packages . First , the structure of the Guaranteed Mortgage Package - HUD has included in the GMP the guaranteed settlement costs and an interest rate component . Although the proposal ...
... result of receiving offers of guaranteed mortgage packages . First , the structure of the Guaranteed Mortgage Package - HUD has included in the GMP the guaranteed settlement costs and an interest rate component . Although the proposal ...
Page 23
... result in additional profit to the packager or to the lender if he is the packager . Mr. GREEN . Well , I guess the question is if the proposal is - if , in fact , it is going to lower costs to consumers , why should we care if the ...
... result in additional profit to the packager or to the lender if he is the packager . Mr. GREEN . Well , I guess the question is if the proposal is - if , in fact , it is going to lower costs to consumers , why should we care if the ...
Page 30
... result ? My time has expired , but , Mr. Chairman , if you would indulge someone answering that ? Mr. COURSON . Under the two package agreement , our closing package we do not require a Section 8 exemption . Ms. SAUNDERS . It is already ...
... result ? My time has expired , but , Mr. Chairman , if you would indulge someone answering that ? Mr. COURSON . Under the two package agreement , our closing package we do not require a Section 8 exemption . Ms. SAUNDERS . It is already ...
Page 36
... result . But listening to all of you today , I guess I am in good company . My question , actually , has to do - back - and I hate to keep ask- ing questions to create sort of a fuss between the brokers and the— and the mortgage bankers ...
... result . But listening to all of you today , I guess I am in good company . My question , actually , has to do - back - and I hate to keep ask- ing questions to create sort of a fuss between the brokers and the— and the mortgage bankers ...
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Common terms and phrases
AARP additional affiliated annual percentage rate application appraisal borrower broker compensation broker fee agreement Chairman NEY changes closing costs competition CONGRESS THE LIBRARY consumer credit report Department of Housing disclosed discount points ensure escrow Estate Settlement Procedures faith estimate Federal GMP offer GMPA guaranteed loan settlement Guaranteed Mortgage Package guaranteed package HELOCs HOEPA loans homeownership Housing and Urban HUD's Proposed Rule impact increase industry interest rate guarantee issue laws lender loan originators loan product loan settlement charge loan terms marketplace monthly payment mortgage broker fee mortgage insurance mortgage lenders mortgage loan mortgage package agreement option predatory lending prepayment penalty protect Real Estate Settlement Reduce Settlement Costs reform Regulation regulatory RESPA revised GFE safe harbor exemption Section Settlement Procedures Act settlement service providers small business statement subprime third party title insurance transaction Truth in Lending underwriting urge HUD yield spread premiums
Popular passages
Page 198 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the Commission, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 458 - ... the American Bankers Association (ABA). ABA, on behalf of the more than two million men and women who work in the nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks - makes ABA the largest banking trade association in the country.
Page 198 - Commission, notwithstanding that such rule, regulation, or order may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 158 - ... and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. Its membership of...
Page 210 - Affairs, the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Secretary of Agriculture.
Page 466 - It is the purpose of this title to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit S 103.
Page 191 - ... in the case of any successful action to enforce the foregoing liability, the costs of the action together with a reasonable attorney's fee as determined by the court.
Page 314 - ... by a Lender to its duly appointed agent for services actually performed in the making of a loan. (2) The payment to any person of a bona fide salary, compensation or other payment for goods or facilities actually furnished or for services actually performed. (3) Payments pursuant to cooperative brokerage and referral arrangements or agreements between real estate agents and brokers.
Page 231 - ... recordkeeping and other compliance requirements of the proposed rule, including an estimate of the classes of small entities which will be subject to the...
Page 316 - The rule of ejusdem, generis is that . . . "where, in a statute, general words follow a designation of particular subjects or classes of persons, the meaning of the general words will ordinarily be presumed to be restricted by the particular designation, and to include only things or persons of the same kind, class or nature as those specifically enumerated, unless there is a clear manifestation of a contrary purpose.