The National Association of Mortgage Brokers will fight what the Department of Housing and Urban Development calls its "definitive position" on disclosure of mortgage broker fees under the Real Estate Settlement Procedures Act.

In a letter sent Aug. 27 to HUD general counsel Frank Keating, the NAMB expressed disappointment at the direction HUD is taking on the disclosure issue and informed Keating that the organization was considering its options, including litigation. It claimed that HUD did not follow proper procedures before issuing its ruling and should publish it in proposed form and get comments from the public before beginning to enforce it. The NAMB also said that any disclosure rules should not be retroactive.

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