The Consumer Finance Protection Bureau has finalized changes to a mortgage disclosure rule in an attempt to limit ambiguity about when lenders need to tell prospective borrowers about closing costs. The changes to the “Know Before You Owe” rule from 2015 aim to clarify when lenders can pass higher closing costs onto consumers and make those costs more transparent on the disclosure form for closings, according to Inman. The rule was first established to give […]
source https://therealdeal.com/2018/05/02/government-aims-to-reform-mortgage-disclosure-rules-black-hole/
No comments:
Post a Comment