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Published Category: Press Release

CFPB Releases New Tools as Part of Know Before You Owe Mortgage Initiative

Tools Provide Additional Shopping Help for Consumers as New Mortgage Disclosure Rule Takes Effect WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is releasing new online tools as part of its Know Before You Owe initiative aimed at helping consumers navigate the mortgage process. The tools provide an interactive, step-by-step overview of the […]

Published Category: Press Release

Press Kit for the Know Before You Owe Mortgage Disclosure Rule

The Dodd-Frank Wall Street Reform and Consumer Protection Act directed the CFPB to combine certain federal mortgage disclosures that consumers receive when taking out a mortgage. In November 2013, after extensive testing of the new forms, the CFPB finalized the combined, easier-to-understand new Know Before You Owe mortgage disclosures, the Loan Estimate and Closing Disclosure. […]