Members3
Consumer3
Commercial3
Global3

Support

Reports for The 2016 Travel Team

MLS President's Report from Washington Meetings

2016 CoreLogic User Group Summit

Iman Connect San Francisco 2016

 


 

MLS Class Schedule October - December

CFPB Introduces New Tools for Buyers at NAR

 With the arrival of new rules and forms that will rewrite the closing process just a few weeks away, senior officials from the Consumer Financial Protection Bureau (CFPB) joined National Association of REALTORS®' 2015 First Vice President-Elect Elizabeth Mendenhall yesterday to unveil online tools designed to help consumers and agents navigate the Know Before You Owe initiative.

The implementation of the Truth in Lending Act – Real Estate Settlement and Procedures Act Integrated Disclosure rule (TRID), which the CFPB calls the Know Before You Owe initiative, is expected to bring sweeping changes to the real estate industry. It will merge the existing HUD-1 Settlement Statement, Good Faith Estimate, and Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure.

The new online tools—included in the CFPB's "Owning a Home" website—expand on a detailed brochure about buying a home that the CFPB introduced in March, and which the agency will require lenders to give to borrowers. 

READ MORE...

 

Su Mo Tu We Th Fr Sa
123456
78910111213
14151617181920
21222324252627
28293031