CFPB Launches Tool Kit : The Consumer Financial Protection Bureau debuted
a new tool kit this week that sets out to turn home buyers into smarter mortgage shoppers. The tool kit is part of the CFPB’s “Know Before You Owe” mortgage initiative and allows home buyers to use the new Loan Estimate and Closing Disclosure forms, which lenders will be required to provide starting Aug. 1. The CFPB is requiring creditors to provide the tool kit to mortgage applicants when they apply for a mortgage. Did You Know: Credit Unions and Real Estate: A Perfect Pairing?
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