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Truth In Lending Disclosure Statement: How About Confusion In Lending?
Annual Percentage Rate (APR), Amount Financed, Finance Charge, and Total Payments…the Truth In Lending Disclosure Statement is one of the most challenging disclosure forms to explain to borrowers at a...
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Leaving With Keys and Carpal Tunnel: Why Do Buyers Sign So Many Closing...
Real Estate Crash Has Resulted In Many More Forms and Disclosures These days buyers are leaving closing rooms with not only their keys but a mild case of carpal tunnel syndrome! The reason for sore...
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CFPB Releases New Mortgage Disclosures Replacing Good Faith Estimate, Truth...
Concise Disclosures Aimed At Reducing Borrower Confusion and Helping Comparison Shopping As part of a continuing overhaul of the home mortgage market, the Consumer Financial Protection Bureau on Monday...
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Lender/Settlement Agent Regulatory Alert: Nov. 6 Deadline to Prevent Proposed...
Mandatory 3 Business Day Waiting Period Will Delay Closings Action Needed: Comment On Proposed Rule While our attention has been diverted from more important issues such as Hurricane Sandy and the...
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CFPB May Announce New GFE and HUD-1 Disclosure Rules In Boston On Nov. 20
Updated 11/20/13: CFPB Issues Final Mortgage Rules and Disclosure Forms (click here for more info) A long awaited regulatory and compliance announcement may be coming to Boston next week. The Consumer...
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CFPB Issues Final Lending and Closing Disclosure Forms
CFPB Issues Long Awaited “Know Before You Owe” Mortgage Disclosures, Replacing Truth in Lending, Good Faith Estimate, and HUD-1 Settlement Statement As part of a continuing overhaul of the home...
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Massachusetts Real Estate Law Outlook for 2015
We had another interesting year in Massachusetts real estate law. From that controversial $60,000 discrimination penalty for asking a prospective renter “where are you from?”, to the influx of Airbnb...
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TRID Compliance Start Date Pushed Back To Oct. 1
CFPB Responds To Industry and Consumer Concerns On New Compliance Rules The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA...
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TRID Rules Expected To Delay and Disrupt Closings
Major Change To Current Practices | Expect Delays and Bumpy Road Starting Oct. 1 I just finished yet another closing where a national lender issued the closing package and HUD approval the morning of...
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TRID Rules Prompt Changes To Mass. Standard Form Purchase and Sale Agreement
MAR and GBREB Release New TRID Addendum In Advance Of Oct. 3 Start Date In anticipation of the upcoming October 3 start date for the new CFPB-TRID Rules (TILA-RESPA Integrated Disclosure), the...
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Best Practices In A New TRID World
Scroll Down For My Complimentary TRID Rider and Offer Timeline Cheatsheet I’ve been doing a lot of speaking, and more importantly, thinking and collaborating with loan officers and Realtors, on the...
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