New Mortgage Form Said Required of Large and Small Banks
New U.S. rules requiring simplified mortgage paperwork will go into effect in August 2015 without an exemption for small lenders, according to individuals briefed on plans by the Consumer Financial Protection Bureau. CFPB Director Richard Cordray plans to unveil the rule Wednesday at a field hearing in Boston.
From "New Mortgage Form Said Required of Large and Small Banks"
Bloomberg (11/19/13) Dougherty, Carter
New U.S. rules requiring simplified mortgage paperwork will go into effect in August 2015 without an exemption for small lenders, according to individuals briefed on plans by the Consumer Financial Protection Bureau. CFPB Director Richard Cordray plans to unveil the rule Wednesday at a field hearing in Boston.
From "New Mortgage Form Said Required of Large and Small Banks"
Bloomberg (11/19/13) Dougherty, Carter
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