For the last seven or eight years, the trade associations for mortgage bankers and real estate brokers have spent an inordinate amount of money trying to get the upper hand in the area of mortgage loan originations. Instead of being played out in the marketplace, this battle has been fought in the halls of Congress and the corridors of the Department of Housing and Urban Development.

Both trade groups have massed their substantial resources to change or resist change in the Real Estate Settlement Procedures Act rules which govern the mechanics of originating a loan. The prize in this game is preferred access to the homebuying consumer.

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