CFPB Proposes Modifying Mortgage Rules

CFPB Proposes Modifying Mortgage Rules

Jul 25, 2013

Article

Brownstein Client Alert, July 25, 2013

On June 24, 2013, the Consumer Financial Protection Bureau (CFPB) proposed seven separate “clarifications” and “narrow revisions” to certain mortgage rules it first issued in January 2013. The rules are targeted at mortgage lenders; however, they have an impact on the entire real estate industry. Given that the deadline to comply with the new rules is less than six months away, it is critical for all real estate industry professionals to understand the ways these rules will impact their business.

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