PA recording fees going up

ADD $13.50 per document.  Click here for a copy of the new law.

looks like that was bogus

I haven't seen any other news that there is a delay.  We're still moving forward to should be fully operational in the new system in November.

breaking news - not confirmed by any other source as of yet RESPA to be delayed

The Real Estate Settlement Procedures Act "RESPA" regulations set to take place on January 1, 2010 has been delayed by HUD for six months. We are now waiting for an official announcement to take place by HUD to officially confirm the six month delay which should make the new implementation date on or around July 1, 2010.

Read more on RESPA Lawyer Blog.

CFPA

A bill that would create a Consumer Financial Protection Agency (CFPA) has emerged from a key committee vote without an amendment that would have delayed implementation of new loan mortgage disclosure forms and closing procedures scheduled to go into effect Jan. 1 under the Real Estate Settlement Procedures Act (RESPA).  Read more on Inman News.

CFPA

WASHINGTON BUREAU -- A House committee has voted to exempt insurance companies and their products from oversight by a proposed Consumer Finance Protection Agency.
Members of the House Financial Services Committee approved the exemption amendment Wednesday by a voice vote.
The committee is marking up H.R. 3126, the bill that would create the CFPA. When the Obama administration proposed creation of the CFPA in August, it proposed that the CFPA might regulate insurance products typically sold in connection with banking services, such as credit life insurance.
The original draft of H.R. 3126, drafted by the Obama administration and House Financial Services Committee Chairman Barney Frank, D-Mass., would have given the CFPA the authority to regulate credit insurance, title insurance and mortgage insurance products.

Read more on National Underwriter.

going dormant

Hey, just a heads up.  I'm letting this blog go dormant for a bit as I concentrate on other things.  I'll leave it up here though because I know lots of you read it for reference. Take care!