Hill urges grace period for loan rules

Hill urges grace period for loan rules

U.S. Rep. French Hill wants Congress to assure banks and title companies that the government will be lenient as they work under new rules starting Saturday that will affect people purchasing or refinancing homes.

The Consumer Financial Protection Bureau rules were proposed more than two years ago. They require that homebuyers receive easier-to-understand disclosure forms that clearly lay out the terms of a mortgage and also require title loan companies to prove they are following certain best practices.

Click here to read more.

Keep In Touch

Please sign up below to receive my weekly newsletter and get the latest news and updates directly to your inbox.