Thrifts want HUD to remove the fuzziness from certain provisions in the departments long-awaited proposed Respa rule, particularly provisions pertaining to controlled business arrangements and, along with mortgage bankers, plan to ask HUD for detailed clarifications.

HUDs proposed changes to the Real Estate Settlement Procedures Act drew some praise from thrifts and mortgage bankers, both of which believe the proposed rules to be an improvement over the previous regulations. But ambiguity over what might be allowed by the one compensation exemption in the rule has sparked concern.

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