Skip to main content

Newsroom

Category
Date range
15 filtered results
Category: Press release |
Published

CFPB Commends HUD’s Action to Improve Mortgage Closing Process

WASHINGTON, D.C. – Today, the Department of Housing and Urban Development (HUD) announced that they will be accepting electronic signatures on documents associated with Federal Housing Administration (FHA) mortgage loans. In November 2013, the CFPB finalized its “Know Before You Owe” rule that improves the information consumers get when they’re shopping for a mortgage and […]

Category: Press release |
Published

Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages

For higher-risk mortgage loans, the proposed rule would require creditors to use a licensed or certified appraiser who prepares a written report based on a physical inspection of the interior of the property. The proposed rule also would require creditors to disclose to applicants information about the purpose of the appraisal and provide consumers with a free copy of any appraisal report.