By Cal Haupt, president and CEO of Southeast Mortgage Earlier this month, the Consumer Financial Protection Bureau (CFPB) announced their proposed rules to protect homeowners and increase mortgage servicer accountability. The CFPB asked consumers, a Small Business Review Panel and mortgage industry professionals for their input while developing their proposed rules. The public has 60 […]
Tag: CFPB
Posted inHome Mortgages, Thought Leader, Thought Leadership
Consumer Will Benefit From Simpler Mortgage Disclosure Form
For more than 35 years, two federal laws (the Truth in Lending Act or “TILA,” and the Real Estate Settlement Procedures Act or “RESPA”) have required lenders and settlement agents to give consumers who take out a mortgage loan separate but overlapping disclosure forms regarding the loan’s terms and costs. This duplication has long been […]
