CFPB changes the rules for the mortgage lending process: Will less be more?
The CFPB changes did dramatically alter every real estate transaction that involves mortgage financing. These changes are affecting every participant in the process, from buyers and sellers to every professional, but none more than the people in the mortgage industry. I’ve asked Jason Oelrich, CPA and Production Manager (NMLS #22095) at PrimeLending to summarize the new rules and the consequences. If you are in the market to buy or sell, I recommend you read what Jason has to say on the subject. [Read more…]