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HUD proposals to reform RESPA draw Senate hearing criticism
The April 8 Senate Banking Committee opened hearings on HUD plans to modify the RESPA framework. Proponents say changes could lower costs and speed closings, while critics fear reduced protections and higher long-term expenses for homebuyers. Senator Debbie Stabenow highlighted the broad impact on American mortgage financing and homeownership.
MENTIONED IN THIS ARTICLE
U.S
Senate Committee On Banking, Housing and Urban Affairs
Department of Housing and Urban Development
HUD
Debbie Stabenow
D-Mich