Stewart CFPB Stewart CFPB

Home Buyers and Sellers

What do all these changes mean for home buyers and sellers?

The Consumer Financial Protection Bureau’s whole purpose is to ensure that consumers get the information they need to make the financial decisions they believe are best for themselves and their families. As a title company, we can get behind that. Our whole purpose is to get you the information you need about the title of the property you’re considering buying – and protecting your investment from unknown title issues that could come to light after you’ve invested.

The changes being brought about by the CFPB’s proposed rule integrating mortgage disclosures, service provider bulletin, and the ability-to-repay/qualified mortgage rule should all turn out to be positives for you. Of course, as with any large-scale change, there will be a learning curve for both you and the companies you’ll interact with in the new mortgage lending environment.