HUD Flinches on Implementation Date for One Provision of RESPA Rule.

Was provision relating to home builders, would have kicked in this month.

Housing Wire has story HERE.

In brief:

"The U.S. Department of Housing and Urban Development will be delaying implementation of the “required use” provision of the final Real Estate Settlement and Procedures Act (RESPA) rule, which was to take effect on Jan. 16 and will prevent home builders from offering incentives or discounts to buyers that use specific settlement services providers, like brokers or lenders."