CFPB Releases Sample Mortgage Disclosure Forms
Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the revised forms are meant to help both consumers and lenders by simplifying the mortgage process. Comment by May 27.
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NWCUA to Fed: Changes Make Escrow Accounts Impossible
The Association submitted a comment letter urging the agency to think about the rule’s effect on credit unions and specialized lenders.