CFPB Archive

CFPB ‘Know Before You Owe’ Announcement May Offer Relief for Agents on Disclosure Sharing

In an update to the “Know Before You Owe” mortgage rule, the Consumer Financial Protection Bureau stated clearly that it is “usual, accepted, and appropriate” for real estate agents and brokers to have access to the Closing Disclosure. The...

What Will Housing Policy Look Like Under Clinton, Trump Administration? Experts Weigh in

With the presidential election just four days away, speculation is running high at the 2016 REALTORS® Conference and Expo on how the outcome could affect housing policy. Jim Parrott, a senior fellow at the Urban Institute and owner of...

NAR Weighs In On ‘Know Before You Owe’ Fixes

This week marked the deadline for comments on the Consumer Financial Protection Bureau’s proposed fixes for the ‘Know Before You Owe Rule,’ and National Association of Realtors® President Tom Salomone weighed in to highlight Realtors®’ concerns. In a letter to...

Realtors® Mark Know Before You Owe Anniversary with Survey Showing Challenges Remain:

The Consumer Financial Protection Bureau’s “Know Before You Owe” rules went into effect one year ago today, and according to fresh survey data from the National Association of Realtors®, there’s still work ahead to get it right. “Looking back...

Student Debt in Spotlight with Consumer Financial Protection Bureau Report

The Consumer Financial Protection Bureau just released a fresh report showing that student loan servicers are falling short in their efforts to help borrowers pay down loans.  According to the CFPB, most borrowers with federal student loans have been...

NAR Symposium Highlights Consensus: Access to Credit is Paramount for Homeownership

Tight underwriting has made mortgage credit hard to come by, even for the most creditworthy borrowers. But the situation is even tougher for people who come from backgrounds that avoid debt, leading to little or no credit history. Minorities...

Salomone: CFPB Recognizes “There are Lingering Challenges to Address”

WASHINGTON (April 29, 2016) — The following is a statement by National Association of Realtors® President Tom Salomone in response to the Consumer Financial Protection Bureau’s letter announcing a Notice of Proposed Rulemaking to bring further clarity to and...

In Depth: CFPB’s Homebuyer’s Toolkit

 The Consumer Financial Protection Bureau unveiled updates to its “Owning a Home” toolset for consumers last week at an event in the Washington, D.C. office of the National Association of Realtors®. According to the CFPB, the new tools “help...
September 21, 2015

New tool to help REALTORS® prepare for TRID

As questions continue to swirl about what exactly the TILA-RESPA Integrated Disclosure rule will mean for the real estate industry, the Consumer Financial Protection Bureau is taking steps to provide additional information to real estate professionals. Today, the CFPB...
August 14, 2015