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HUD's proposal to make homebuying simpler, more transparent and more
affordable continues to be a priority. Due to the importance of HUD's
efforts to reform the regulatory provisions of the Real Estate Settlement
Procedures Act (RESPA) and the extensive concerns from Members of
Congress, consumer groups and the business community, Acting Secretary
Jackson has withdrawn the rule from the Office of Management and Budget
(OMB).
Letter from
Acting Secretary Jackson to OMB Director John Graham
OMB response
to HUD
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