Recent Articles by Craig Roberts

Understanding the CFPB and its closing disclosure: Part 3

Understanding the CFPB and its closing disclosure: Part 3

The CFPB has stated, "The creditor must give the Closing Disclosure form to the consumers so that they receive it at least three business days before the consumer closes the loan." The American Land Title Association (ALTA) has suggested a total of s...
By Craig Roberts | Friday, June 5, 2015
Understanding the CFPB and its closing disclosure: Part 2

Understanding the CFPB and its closing disclosure: Part 2

The broad scope of the Consumer Financial Protection Bureau's authority affects the way it views a real estate transaction, as evidenced by some of the new language being adopted and made part of the real estate mortgage lexicon. For instance, on CFP...
By Craig Roberts | Thursday, June 4, 2015
Understanding the CFPB and its closing disclosure: Part 1

Understanding the CFPB and its closing disclosure: Part 1

Real estate professionals know the HUD-1 well. "Please send me an updated HUD-1" -- the term rolls easily off the tongue with no hesitation. As well it should. It's been the law of the land since 1974 when the Department of Housing and Urban Developm...
By Craig Roberts | Wednesday, June 3, 2015