CFPB

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.

 

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.

Just when you had made peace with the 2010 HUD-1 form….Beware the 2012 replacement form (shall we call this one the Mayan HUD-1?)