No More Closing Disclosure Delays! Hooray! The “Black Hole” (4-Day Rule) for mortgage closings has been corrected by the CFPB. Lenders will now be allowed to adjust the borrower’s final closing disclosure prior to closing.
RELATED ARTICLE TITLE: CFPB – Consumer Financial Protection Bureau Releases Final TILA-RESPA Rule – Dated April 26, 2018 – Effective June 1, 2018 By: Lloyd Rutherford, Staff Writer Lenders and consumers have struggled hard with the 4-day waiting period required for the closing disclosure. Read through this update to find out what is changing and how […]