RESPA Alert: President Bush Makes Homeownership Speech

March 16, 2004

The President made a major speech on homeownership yesterday. Notable by its absence was mention of the RESPA rule. President Bush had mentioned this bundling initiative in three previous public statements in this area. While too much can be read into this omission, it is possible that this reflects a conscious policy shift. However, it would be inadviseable for anyone to let down their guard on this most significant challenge.

Click here [pdf] for the HUD-OMB statement on the 30-day comment extension action reported to you yesterday.

Remarks by President Bush in a Conversation on Homeownership