The FHA is working to change the guidelines of the Real Estate Settlement Procedures Act in order to force lenders to make more comprehensive Good Faith Estimates for borrowers. Concerned consumers may want to know more about this issue or voice their opinion either way on what they think about this new proposal from the FHA.
To give your opinion on this FHA proposal or make comments you should:
Go to Regulations.gov which is the Federal eRulemaking portal. Here you can make comments that will be posted and read the comments of others so that you can better understand the components of the proposal.
Send your comments by mail. You can send your comments through the traditional mail system by writing to:
The Regulations Division
Office of General Counsel
Department of Housing and Urban Development
451 Seventh Street SW, Room 10276
Washington DC 20410-0001
When you are posting or mailing comments you must refer to the following:
[Docket No. FR–5180–P–01]
Real Estate Settlement Procedures Act
(RESPA): Proposed Rule To Simplify
and Improve the Process of Obtaining
Mortgages and Reduce Consumer
If you want more information on the new proposal by HUD and the FHA.