Subcommittee Surveys Impact of CFPB Rule Change on Mortgage Settlement Process

The Financial Services Housing and Insurance Subcommittee held a hearing on Thursday to examine how proposed changes to the mortgage settlement process are expected to impact consumers and lenders.  The changes proposed by the Consumer Financial Protection Bureau (CFPB) are scheduled to take effect on August 1.   "Purchasing a home is one of the biggest and most important decisions most Americans will make.  That is why we owe it to all homebuyers to hold this hearing, to continue to press the CFPB, and make sure the home buying process is as straightforward as......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1JjmJhP
via IFTTT