Two new mortgage disclosure forms…Will this make the mortgage process simpler? You decide.

The Consumer Financial Protection Bureau (CFPB) announced the drafting of two proposals for a combined RESPA/TILA Disclosure form and asked for feedback. The CFPB indicates that this is one of the first steps in combining the Truth in Lending form and the Good Faith Estimate into a single, simpler disclosure form.  Check out http://www.consumerfinance.gov/know-before-you-owe-go/  Let them know what your opinion is.

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Published in: on May 19, 2011 at 2:25 pm  Leave a Comment  

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