Final Interpretive Rule Includes Additional Instructions for Providing Housing Counselor Information WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a final interpretive rule on how to provide mortgage applicants with a list of local homeownership counseling organizations. The interpretive rule restates guidance the CFPB issued in 2013, and provides further guidance for […]
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 […]
Today, the Consumer Financial Protection Bureau (CFPB) launched a tool to help consumers find local housing counseling agencies to answer their questions or address their concerns. The Bureau is releasing the tool in advance of the January 2014 effective dates for its mortgage rules. The Bureau also published guidance for lenders on how to provide mortgage applicants with a list of local homeownership counseling organizations.