Know Before You Owe

CFPB – Know Before You Owe – Mortgage Shopping Study [Includes NEW MTP™ What is Mortgage Insurance? & NEW MTP™ What is the Difference Between Interest Rate and APR?]

By: Tammy Butler, Master CMB Mortgage originators are reporting that more people are shopping for a mortgage than ever before.  Perhaps this is based on consumer education pouring out of the CFPB.  This article highlights a recent study of mortgage shoppers.  Read this and ask yourself what you can do better to prevent the “price [...]

2018-06-11T10:55:19-05:00June 8th, 2018|

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 it will affect your practices. Rule Synopsis: Consumer Financial Protection Bureau releases notice of final rule for TILA-RESPA. Changes are related to [...]

2018-05-29T16:50:56-05:00May 9th, 2018|