Hudson Institute Presidential Transition Papers
January 8, 2009
by John C. Weicher
Download PDF (123.9 KB)
HUD has just completed a badly needed reform of the rules
governing real estate settlements. The changes are consistent
with President Obama's campaign pledge to mandate accurate
loan disclosure. He can minimize the risk of a future
subprime mortgage mess and stimulate the housing market
by letting the new rules stand.
Senior Fellow John C. Weicher is Director of the Center for Housing and Financial Markets at Hudson Institute. From 2001-2005 he was Assistant Secretary for Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development.
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