The CFPB updated its "Know Before You Owe" mortgage disclosure rule to provide more clarity to lenders. It has proposed additional tolerance provisions, clarified a partial exemption for housing finance agencies, extended the rule's coverage to all cooperative units, and provided more clarity about privacy and the sharing of information.
source http://www.americanbanker.com/news/law-regulation/cfpb-proposes-long-awaited-updates-to-mortgage-disclosures-1090490-1.html
No comments:
Post a Comment