CFPB Proposes Modifying Mortgage Rules

CFPB Proposes Modifying Mortgage Rules

Jul 25, 2013


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.

Click the PDF link above to read the full Alert.

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