Disclosure Comparison_CFPB

*** CFPB; know before you owe ***

CFPB-Know-Before-Your-Owe-Mortgage-Disclosure

Mortgages are complex transactions that may include risky features. Consumers currently receive different, but overlapping, federal disclosure forms with the terms and costs of mortgage loans. Because these forms are confusing for consumers, Congress directed us to create new forms. We want you to use the new forms to inform yourself as you consider different loans.

What the new simplified mortgage disclosures mean for consumers

http://files.consumerfinance.gov/f/201311_cfpb_tila-respa_what-it-means-for-consumers.pdf

Final rule on simplified and improved mortgage disclosures
Detailed Summary

http://files.consumerfinance.gov/f/201311_cfpb_tila-respa_detailed-summary.pdf

CURRENT: Final TIL disclosure + HUD-1 Settlement Statement

http://files.consumerfinance.gov/f/201207_combined_til_gfe.pdf

NEW: Loan Estimate

http://files.consumerfinance.gov/f/201311_cfpb_kbyo_loan-estimate.pdf

CURRENT: Final TIL + HUD-1

http://files.consumerfinance.gov/f/201207_combined_til_hud1.pdf

NEW: Closing Disclosure

http://files.consumerfinance.gov/f/201311_cfpb_kbyo_closing-disclosure.pdf

CFPB who let this guy in

petition-pic-CFPB2

Advertisements