New Homes in Houston TX by Long Lake

Lending Complications Arise from New Disclosure Forms

Recently, the Consumer Financial Protection Bureau (CFPB) announced new disclosure rules, which will go into effect this summer. While their activation is still months away, lenders are already weary that it will make the closing process much more complicated, and could possibly mislead consumers. “New disclosure forms for real estate transactions will completely change the homebuying process as it’s known …