‘Know Before You Owe’ Mortgage Disclosures

The CFPB’s disclosure reform, which faces implementation Aug. 1, 2015, consolidates disclosure documents into two forms – The Loan Estimate and The Closing Disclosure. Fred Gooch, General Counsel and Vice President of Compliance, discusses what lenders face regarding the reform and how to prepare now in this month’s cover story of Secondary Marketing Executive – “CFPB Finalizes ‘Know Before You Owe’ Mortgage Disclosures” – which is available to read online here.