Francis Keating, general counsel of the Department of Housing and Urban Development, says he expects to publish final regulations soon that would negate the fee disclosure lawsuit filed last week against HUD by the National Association of Mortgage Brokers.

That suit, filed Oct. 21 in the U.S. District Court for the District of Columbia, asserts that HUD did not follow the proper procedures when Keating ruled in an Aug. 14 interpretive letter that mortgage broker fees must be separately disclosed in the good-faith estimate and the HUD settlement statement, both given to mortgage borrowers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.