A federal district judge in Washington gave a de facto victory to the mortgage banking industry Nov. 19 by prodding HUD to move quickly to revise its Respa regulations, primarily the controversial provisions allowing establishment of computerized loan origination systems.

The mortgage bankers, acting under the guise of the so-called "Coalition to Retain Independent Services in Settlements." filed suit last December in reaction to a Bush administration decision to allow establishment of CLOs in a regulation clarifying the intent of Respa that was issued only days before the November 1992 election.

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