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Appraisal Institute Attends HUD's Summer RESPA Roundtables.
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PR Newswire
- Article date:
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August 24, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Aug. 24 /PRNewswire/ -- The Appraisal Institute continues to urge the Department of Housing and Urban Development to place consumer disclosure at the forefront if it undertakes rule changes to the Real Estate Settlement Procedures Act. The Appraisal Institute has participated in four HUD-sponsored RESPA roundtables where representatives have urged fees and services continue to be disclosed to consumers.
"The appraisal is an important safeguard in the home buying process that protects homeowners and financial institutions by helping them assess the risk," said Alan Hummel, SRA, chair of the Appraisal Institute Government Relations Committee. "The cost of this ...
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