Are you still chewing over the details of the new RESPA rule, wondering how the changes will affect your daily work routine? Federal Title & Escrow Company invites you to hear the real story on RESPA and enjoy complimentary lunch in the Dogwood Room at the Kenwood Golf & Country Club in Bethesda on Wednesday, September 16 at 10 a.m.
Mortgage banking and consumer finance expert Holly Spencer Bunting will discuss the new RESPA rule, which goes into effect on the first of the year. Bring your questions for a Q&A session immediately following the presentation. Here’s what Holly had to say about her upcoming presentation:
Despite the U.S. Department of Housing and Urban Development’s (“HUD” or “Department”) publication of its final rule to amend the Real Estate Settlement Procedures Act (“RESPA”) in November 2008, the rule continues to stir controversy as the effective date for the new HUD-1 Settlement Statement and Good Faith Estimate draws closer. While there is still hope that HUD will delay implementation of the new forms until the Department coordinates its efforts with the Federal Reserve, settlement service providers are gearing up for the January 1, 2010 effective date. This session will provide an in-depth overview of the components of HUD’s final RESPA rule and the new HUD-1 and GFE disclosure forms.
Space for this free event is limited to the first 100 guests, so reserve your spot today! Last day to RSVP is Tuesday, September 8.