Diane, you sure said a lot in your post. There's not much that I woud flat-out dispute, except for the context you provide. I think when you say "when it suits their purpose", the purpose is usually to avoid liability stemming from a class action lawsuit somewhere that now requres another indemnification.
That's not to say that all class actions are without merit, I believe many are. In many cases, however, it's a matter of lawyers seeking deep pockets to pick.
You say: "They do not want the consumer to have information." What new information is proposed to be disclosed to the borrower through RESPA reform? The information is already there for the reading. HUD actually proposes LESS information to make it simpler to see the bottom line. Yet still, with less informationthere will be an increase in documentation and a mandate to read the terms to the borrowers.
HUD knows the information is there. HUD knows that the borrowers don't read the documents.
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