The Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. §§ 2601–2617, regulates the provision of services involved in the sale of most single-family homes in the United States. Its declared intent is to protect the consumers of those services, but very little empiricca research has been done to determiin whether the statute efficiently accomplishes its intended goals. This article takes an initial step toward answering that question by analyzing a small sample of FHA-insured loans. Although...