Beginning on August 1, 2015, the settlement process for transactions involving a mortgage will require new disclosure forms created by the Consumer Financial Protection Bureau (CFPB). (nvbr.com)
«New disclosure forms for real estate transactions will completely change the homebuying process as it's known today,» said Michelle Korsmo, CEO of The American Land Title Association, in response to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray's recent testimony before the House of Representatives Financial Services Committee. (rismedia.com)
As of July 1, FSCO has also issued new disclosure forms that mortgage brokers must fill out and give to clients or lenders involved in syndicated and other mortgages. (remonline.com)