Bank of America Releases Settlement Agent Communication
Wells Fargo Issues Fourth Quarter Settlement Agent Communication
Wells Fargo's latest settlement agent communication addresses many questions since their September issue, which stated they would control the generation and delivery o fthe borrower Closing Disclosure.
Wells Fargo Issues Settlement Agent Communication
Wells Fargo is planning to treat the new Closing Disclosure very differently than the HUD-1. Wells Fargo plans to prepare and deliver the disclosure to the borrower, but to leave the provision of the seller disclosure to the settlement agent.
CFPB Releases Detailed Guide to the RESPA-TILA Integrated Disclosures
The Bureau has released a second guide regarding the new Loan Estimate and Closing Disclosure forms. These forms will replace the Good Faith Estimate, Truth-in-Lending statement and the HUD-1 settlement statement on August 1, 2015. This guide contains numerous examples, and can help mortgage lenders and settlement companies of any size gain a better understanding of the new forms.
Stewart Blog - CFPB Articles
Sellers, buyers, borrowers, lenders and agents, attorneys, or employees of those persons – please confirm you are in compliance with your state DOI regulations before utilizing any resources, content or information from this site.