CFPB Shakes Up The Consumer Mortgage Market

Law360, New York (December 20, 2013, 5:34 PM EST) -- On Nov. 20, 2013, the Consumer Financial Protection Bureau issued a final rule[1] that includes significant changes to both the form, content and timing of disclosures that lenders must provide to consumers for most closed-end consumer mortgage loans secured by real property.[2] This new final rule is the most recent, albeit perhaps the most wide-ranging, in a series of rules affecting the mortgage market.[3]

Recognizing the significant impact that this final rule will have on the consumer mortgage market, the effective date is not until Aug....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.