The Consumer Financial Protection Bureau’s (CFPB’s) new mortgage disclosure rules take effect August 1, but the American Land Title Association (ALTA) is hoping the agency will revise the new disclosure forms before then. According to ALTA, the integrated TILA-RESPA disclosure forms, which lenders and settlement agents will be required to use, do not accurately reflect… Read More »

More than two-thirds of the 3,600 counties responsible for recording mortgage documents nationally are now able to handle that process electronically. And much of that progress has come in the last two years, according to the Property Records industry Association (PRIA), which reports “a significant boost” in the number of offices using technology to streamline… Read More »

Settlement services providers wondering how mortgage lenders will respond to the Consumer Financial Protection Bureau’s (CFPB’s) Integrated Mortgage Disclosure requirements have gotten an answer from two of the largest ones.  In order to ensure that the disclosures are delivered accurately and within the tight deadlines the rules require, Wells Fargo and Bank of America have… Read More »