VARbuzz: CFPB wants to combine RESPA/TILA; NAR comments.
VARbuzz: CFPB wants to combine RESPA/TILA; NAR comments
Glad to see that the NAR is finally starting to see that the impacts to lending aren't our choice but the pains that we must go thru per our new regulatory environment. The government wants all transactions to be at least 60-90 days! They want no loan closed until every body has had plenty of time to review and discuss, even if that means postponing indefinitely. In the past you coould jump up and down and threaten and maybe get some thing waived. NOW you will hit a brick wall because these are laws with real teeth in them.
Realtors speak up as these new financial regs are your regs too, even though you are not a banker! It affects your personal finances!