HUD Plans to Establish Negotiated Rulemaking Advisory Committee to Address Mortgage Broker Fee Disclosure

Summary

The Department of Housing and Urban Development (HUD) is considering the establishment of a Negotiated Rulemaking Advisory Committee to determine whether mortgage brokers and other mortgage originators should disclose indirect payments to consumers, and to resolve whether volume-based compensation from wholesale lenders is permissible under the Real Estate Settlement Procedures Act (RESPA).