CFPB Releases New Mortgage Disclosures

Over the weekend, the CFPB released another round of sample mortgage disclosures for testing. It is asking the community to review several points:

• Can you easily find key loan terms?
• Are you able to identify changes to the loan terms or costs?
• Do you know who to contact to discuss your loan or changes to your loan?
• Do you have the information you would need to feel comfortable closing on the loan?
• Are the disclosures easy for lenders and settlement agents to use and explain to consumers?

Read more about the forms.
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