Buying a Home Foreclosures News: HUD to start over on mortgage reform

JS Online: HUD to start over on mortgage reform: "America needs stronger governance of home-mortgage transactions, but reform must be from the ground up, U.S. Housing and Urban Development Secretary Alphonso Jackson said Monday.
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With that simple statement, Jackson completed his agency's March 2004 rejection of a sweeping mortgage-reform package introduced several years ago that would have required lenders to more fully disclose fees, charges and restrictions.
'HUD's job right now is to listen to you,' Jackson said Monday of his commitment to gauge public opinion. 'We begin today,' he said in a teleconference with the media. "
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