The Housing & Urban Development (HUD) proposed RESPA reforms proposed in March of 2008 will cease accepting comments from industry professionals tomorrow, May 13, 2008. The proposed reforms are designed to increase transparency in the closing process and help consumers shop for title insurance and save on closing costs.

A copy of the proposed HUD reforms is available at myClosingSPACE.com. If you have the time please take a minute to look at the proposed changes and file your comment with HUD. These reforms would make the closing process more consumer friendly and we encourage consumers and real estate professionals to take advantage of this opportunity to help craft the changes to make them more consumer friendly.