The CFPB has put out a guide for Real Estate Professionals. The new rules will not only affect lenders, but every profession in the real estate transaction chain.
Although the CFPB states that the "Extra three-day reviews are unlikely" we feel this is based upon "theory" as opposed to "real world scenarios". As we all know there are many variables that make the real estate transaction complex. Since this is new territory, there will always be a learning curve that will inherently cause delays.
Please click on the link below to access "The real estate professional's guide". 
No comments:
Post a Comment