Fed Moves to Simplify Mortgage Loan Process
Posted on
November 22, 2013
New rules take effect in 2015. The Consumer Financial Protection Bureau has enacted a new rule that will require the banking industry to provide consumers with easy-to-understand loan information; and remove old, monotonous provisions that complicate the home buying process and confuse buyers. The most significant change makes it a requirement for originators to provide easy access to basic information such as...