The Department of Housing and Urban Development may issue new guidance under the Real Estate Settlement Procedures Act (RESPA) to address possible changes in warehouse lending used to fund federally insured mortgages. According to HUD, its RESPA regulations relevant to this area were developed and revised over 15 years ago, when it amended the rules to add a secondary market exemption and define “table-funding.”
HUD looking into warehouse lending for RESPA compliance
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