Welcome!




Expand Your Education with These Courses from
A Consumer Advocate Approach to Real Estate: Course 1.
Time Management: Skills for Sales Success: Part Two.
Business Creation – Prospecting: Skills for Sales Success: Part Three.
Territory Management: Skills for Sales Success: Part Eight.
At Home with Diversity.

Ask the Expert: What Do Changes Proposed By Consumer Financial Protection Bureau Mean for Real Estate?

Interested in more details on this topic? Click here!

financial_talk_agent_coupleToday’s “Ask the Expert” column features Marvin Stone, CFPB Program Manager for Stewart.

Q: What do the recently proposed changes announced by the Consumer Financial Protection Bureau mean for today’s buyers and sellers?

A: The recently proposed changes announced by the Consumer Financial Protection Bureau—also known as the CFPB or Bureau—are good news for professionals committed to serving consumers.

While a home purchase is typically the largest transaction that will happen in your client’s life, the process doesn’t always go as planned. Here’s a quick rundown of the major changes from the CFPB that aim to improve this experience for buyers and sellers.

Integrated Disclosures and the Loan Estimate
The Good Faith Estimate, Truth-in-Lending Disclosure and HUD-1 statement are all going away. Everyone involved will need to learn the new consumer-designed Loan Estimate and Closing Disclosure forms that are designed to be easier to understand.

Continue Reading 1 2 3

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com