ICBA Likes Decision to Withdraw Proposed RESPA Amendments - 2004-03-23
The Independent Community Bankers of America, the nation's leading voice for community banks, likes the decision by the Department of Housing and Urban Development to take back its proposed RESPA rule amendments from the Office of Management and Budget's review and to seek additional public comment.

A key component of the proposed rule was the introduction of a "guaranteed mortgage package" of settlement services and a loan with a guaranteed interest rate that would provide a safe harbor from the RESPA Section 8 prohibition on kickbacks and referral fees.
Read the full story at Yahoo News

Allied Dunbar fined over mortgage endowment complaint procedures - 2004-03-23
The Government's financial regulator has applied a huge fine on one of Britain's top assurance firms.

Allied Dunbar Assurance has been fined £725,000 for serious flaws contained within its measures for handling mortgage endowment complaints, after an FSA investigation revealed that mishandled complaints between May 2001 and April 2003 had exposed a large number of Allied Dunbar customers to potential loss.
Read the full story at LIA