Diane Cipa

• Manage |RSSRESPA reform

Well, we are really at the end of a commenting process that started years ago. This most recent proposal was a re-write based upon many thousands of comments to the previous proposal which lead to many studies and so I look at that last round of commenting before the final rule as a fine tuning. You're right Matt, at some point, you have to stop and implement something. The old rules at just that "old" and we need an update. No rule will make everyone happy and in defense of regulators, based upon what happened to create our credit crisis, the industry insider perspective doesn't carry much weight anymore. They've been saying one thing in public hearings and doing something entirely different at street level now for years. The bright light of truth shined on the corrupted houses of real estate, mortgage, and title insurance. Consider whatever we get in this final rule as MEDICINE designed to help us heal. We'll survive and perhaps in a year or two look back and say "That really wasn't so bad. Wonder what all the RESPA proposal fuss was about?"

Sure. If they are not using the closing script, is there still a comparison of the HUD-1 and GFE at the closing table?

Are you on that short list, Matt?