HUD Plans RESPA Outreach Program
December 8, 2009
In an effort to address industry concerns about how to implement new mortgage rules due to take full effect on January 1st, the U.S. Department of Housing and Urban Development is holding a series of live interactive online presentations intended to increase readiness among mortgage professionals.
“We’ve been working overtime to answer questions and provide training to as many organizations as we can,” said David Stevens, HUD Assistant Secretary for Housing/Federal Housing Commissioner. “On the eve of these new requirements, I want to accelerate our focus with a heavy dose of plain English and customer service to help the industry prepare.”
HUD is holding a series of live online presentations to explore RESPA’s new requirements. Led by Vicki Bott, HUD’s Deputy Assistant Secretary for Single Family Housing, the online meetings are also intended to allow industry professionals to ask questions about implementing the new rules.
The following is the current schedule of HUD’s live online presentations:
- Dec. 10 at 2 p.m.
- Dec. 11 at 11 a.m.
- Dec 16 at 1p.m.
Presentations have already been held on Dec. 3 and 7. For those who can’t participate in any of the scheduled live presentations, HUD said a pre-recorded webcast will be offered on its website shortly.