Tag Archives: mortgage disclosure

CFPB Proposes Updates to “Know Before You Owe” Mortgage Disclosure Rule

Changes would provide clarity, preserve protections for consumers By Jeff Sorg, OnlineEd Blog (July 29, 2016) – The Consumer Financial Protection Bureau (CFPB) today proposed updates to its Know Before You Owe mortgage disclosure rule. The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes proposed today would […]

New Mortgage Disclosure Final Rule Released

November 22, 2013 – At a field hearing in Boston on Wednesday, November 20, 2013, Richard Cordray of the CFPB took the opportunity to unveil the new “Know Before You Owe” forms, which will replace their better known “good-faith estimate” predecessors.  The final rule issued on Wednesday will require lenders to replace the oft-confusing good […]