A3: Home Buying Process
Make the homebuying process less complicated and less expensive. Other Information:
Under this strategic objective, HUD is continuing to undertake reform of Real Estate Settlement Procedures Act (RESPA) regulations
that provide basic consumer protections in the home buying process. HUD is working with industry and consumer stakeholders
to improve disclosure of settlement costs; to have the disclosed costs be as firm as possible, thereby avoiding surprises
at settlement; to provide consumers more choices; and to encourage innovation and competition in the marketplace. In addition,
HUD will protect consumers through vigorous enforcement of RESPA and the Interstate Land Sales Act and provide a level playing
field for all industry providers.
Indicator(s):
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