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Monday, November 24, 2008 5:58 PM

RESPA Rewrite Affects Builder Discounts Tied to In-House Mortgage Unit

The Department of Housing and Urban Development, in rewriting the RESPA rules, has clamped down on builder discounts that are tied to use of the homebuilder's mortgage company. Starting Jan. 16, builders won't be able to offer $10,000 discounts
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