General World News

MBA to HUD: Publish notices about challenges with real estate inspection protocols

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”

The letter is addressed to Ryan LaFollette, acting deputy assistant secretary in the Real Estate Assessment Center (REAC) at HUD. MBA CEO Bob Broeksmit explained that details ⇒

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