CFPB construction loan "fact sheet" falls far short of necessary guidance

Richard J. Andreano, Jr. The CFPB has issued what it calls a "fact sheet" regarding the disclosure of construction-to-permanent loans under the TILA/RESPA Integrated Disclosure (TRID) rule, which the CFPB refers to as the Know Before You Owe rule.  The fact sheet falls far short of the detailed guidance sought by the mortgage industry. A construction-to-permanent loan is a... More >...(read more)

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