Is There Any Cure for the 11th Hour Blues?

There’s another proposal circulating around Washington that would require lenders to transmit closing figures to settlement agents 4 days prior to closing.  The idea is for consumers to receive final figures 2 or 3 days before closing.  I was heralding this news to someone in the business yesterday who nearly snorted at the idea that this would provide any real benefit.   “There’s a 24 hour rule in place now, Mary” she said “we all know that never happens”. 
 
We’ve been asking for something like this for a long time …  and now that it might actually be coming – how do we really feel about it?  
 
Given the new requirements under RESPA for comparing fees between GFE and HUD-1 (and curing any tolerance violations) how much more time do you think it will take to prepare a HUD-1 form? 
Do you think closings will take longer than before?