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The Word is Getting Out - Table Funding: FYI Old Wikileaks Respa Data

July 28, 2016

Congressional Research Service
http://wikileaks.org/wiki/CRS-98-285
February 2, 2009

Report 98-285

THE REAL ESTATE SETTLEMENT PROCEDURES

ACT: DISCLOSURE OF FEES TO MORTGAGE

BROKERS
Bruce E. Foote, Economics Division

Updated March 24, 1998

Abstract. This report provides an overview of one of the issues involving the Real Estate Settlement Procedures Act of 1974 (RESPA), which was enacted to prevent abuses in the settlement process for residential real estate. A current issue is whether certain compensation to mortgage brokers violates the anti-kickback provisions of RESPA. The present RESPA regulation is discussed, as well as the unsuccessful attempt to address the issues through a negotiated rulemaking. A summary and analysis of HUD’s subsequent proposed rule is provided.

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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