RESPA Manual - A Complete Guide to the Real Estate Settlement Procedures Act

Your source for complete up-to-date coverage of all RESPA compliance issues including HUD’S newly released RESPA reform proposal

Author: James H. Pannabecker and David McF. Stemler
Format: 3 Ring Binder with CD
Price/Renewal: $400
Shipping & Handling: $24.95
Updates: Sold separately as a complete product replacement.
Sales Tax: for NY, TX, DC, CT orders only.

Update Program

Your purchase of this product makes you eligible for enrollment in A. S. Pratt’s Update Program, under which future supplements and revised editions of this product will be sent to you as published for your 30-day risk-free review, not more than twice annually. Billing will occur at the time of shipment, and prices will be based on prices in effect at the time of shipment plus shipping and handling. If you do not want to keep a shipment, simply return it and the canceled invoice within 30 days of receipt to A. S. Pratt & Sons at the address on the invoice. A. S. Pratt & Sons will pay for return shipping upon your request. To request return shipping simply call A. S. Pratt & Sons at 800-456-2340. You may cancel your enrollment in this program at any time by notifying A. S. Pratt & Sons at 800-456-2340 or by e-mailing .

RESPA Manual-A Complete Guide to the Real Estate Settlement Procedures Act includes a special chapter that provides a detailed discussion of HUD’s RESPA reform proposal’s specific provisions, the compliance burdens and costs they will impose on the industry, as well as other legislative proposals related to RESPA.

The 2008 proposal is intended to protect consumers from high settlement costs and calls for substantial changes involving:

Standardization of Good Faith Estimates
Accurate estimates of the costs of settlement services
Improving the disclosure of yield spread premiums
Facilitating comparisons between the GFE and HUD-1 and HUD-1A settlement statements
Ensuring that consumers are aware of their loan terms and settlement costs
Clarifying that negotiated fee discounts and alternative cost pricing mechanisms do not violate RESPA

Just updated with HUD’s RESPA reform proposal!

PLUS – As long as the regulation is finalized by September 30, 2008 we will send you a free update including analysis and insight to the final rule’s requirements !

This comprehensive source for all of your RESPA compliance needs includes:

All current compliance issues
Chapters covering broker fees, computer loan originations, escrow account rules and mortgage servicing transfers
Sample disclosures and compliance checklists so you can run your own self audits and verify that nothing is overlooked
Interpretations, statements of policy, key court rulings with editorial annotations to help you find key points and quickly identify important changes, and practical tips to help you quickly resolve common problems
A CD containing regulatory issuances such as the new proposed rule.
And much more!

Pratt’s RESPA Manual tells you how to comply with current rules in areas such as:

Good faith estimates
Broker fees
Volume-based compensation
Secondary market compensation
Escrow account rules
Gifts to settlement service providers
Initial and closing disclosures
Enforcement provisions
Title companies
Mortgage servicing transfers
Employer-employee compensation
Computer loan origination systems
Controlled business arrangement disclosures
Sham controlled business arrangements
Rental of office space
Lock outs
Retaliation

About the Authors

James H. Pannabecker writes from Natural Bridge Station, Virginia, focusing on banking law and regulatory compliance. He was formerly a senior vice president and general counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. Mr. Pannabecker is the author or co-author of numerous publications in the areas of mortgage lending, truth-in-lending, financial privacy, and banking law. These include Mortgage Compliance Update: Solutions for Mortgage Professionals (A.S. Pratt & Sons); The RESPA Manual: A Complete Guide to the Real Estate Settlement Procedures Act (A.S. Pratt & Sons); Mortgage Lending Compliance with Federal and State Guidance (A.S. Pratt & Sons); Model Compliance Manual: A Template for Mortgage Professionals (Sheshunoff Information Services); Mortgage Lending Operations and Administration (Sheshunoff Information Services); and The Truth-in-Lending Manual by Ralph C. Clontz, Jr. (Warren, Gorham & Lamont), He graduated from the University of North Carolina School of Law in 1978 and has been admitted to practice law in the District of Columbia, Georgia, Maryland, Missouri, North Carolina, and Virginia.

David McF. Stemler is an author/editor of Pratt’s Letter, Pratt’s Federal Advertising and Marketing Law Guide, Pratt’s Federal Fair Lending and Credit Practices Manual, and Pratt’s RESPA Manual as well as Pratt’s Bank Law & Regulatory Report. Mr. Stemler is a graduate of Pennsylvania State University and the University of Pittsburgh School of Law. He is a member of the bar in Pennsylvania and the District of Columbia.