If you're looking for copies of the proppsed final forms, you can get them here. The Loan Estimate form (replacement for the GFE) and the Closing Disclosure form are here for your reference. They will also be stored on the Reference Materials page.
 

CFPB Proposed Closing Disclosure Form
 
CFPB Proposed Loan Estimate Form

The CFPB has issued their long awaited proposed rule that includes a new settlement statement. So what does this mean? How will your relationship with lenders change? What are the new deadlines for disclosure to consumers? How are tolerances being expanded?  And what do the new forms look like? These are just a few of the topics we will cover during this webinar. Our webinar is free to attend but you must register to reserve your spot and space is limited.  
 

Before we begin discussing specific provisions of the new proposed combined TILA/RESPA Disclosures, an important piece of information to know is how to submit your comments to the CFPB.  You’ll want to submit your comments on each area of interest to you.  Simply visit this website http://www.regulations.gov/#!documentDetail;D=CFPB-2012-0028-0001 then click on the Comment Now button near the top right.

The CFPB has published the proposed final rule combining the RESPA and TILA disclosures. The proposed rule can be found here (http://www.regulations.gov/#!documentDetail;D=CFPB-2012-0028-0001) and discussion of the provisions will follow here at RESPA Ready.
 

This is the final candidate template for the HUD-1 replacement form.  We should see a proposed final contestant by July 21.

Click here to view the HUD-1 replacement form.

Think that the work of the CFPB is just more talk?  Think again! Combined mortgage disclosures are a focal point of the President's reelection campaign. Watch this video to see what the President has to say about what you do...
Click here to watch the President's speech.       

Think that the work of the CFPB is just more talk?  Think again! Combined mortgage disclosures are a focal point of the President's reelection campaign. Watch this video to see what the President has to say about what you do...

Click here to watch the President's speech.

 

The CFPB released round 3 of its Settlement Disclosure Form, Butternut and Hemlock. The Bureau is asking the public to do something different this time around. Instead of just comparing the two versions of the same disclosure, they are asking the public to comment on how a draft closing stage form works with the draft application stage form.

Many of you have asked my opinion on these two forms, MIMOSA and Sassafrass. Some of you have even asked whether I think we would prefer to have MIMOSA or Sassafrass. Of course, I have my own preference between MIMOSA or Sassafrass. But I wouldn't presume to tell you whether MIMOSA or Sassafrass would be better. I will just remind you that everyone should have their own opinion between MIMOSA and Sassafrass.

Round 2 of the CFPB's proposed SDF forms was released today.  You can access the forms at CFPB's website for the next week or you can always have access to them here at RESPAReady. The CFPB asks you to think about how you would present these forms at closing to a consumer.  We would also ask you think about how you would complete these forms and what additional information you would need to do them comprehensively.