New York recently enacted the Abandoned Property Relief Act of 2016 ("Abandoned Property Act"), legislation designed to clean up derelict and unsightly abandoned properties, lost in the foreclosure process. New York, like many areas of the country, including Florida, is faced with the serious problem...
One of the most ridiculous TRID disclosure requirements is the method of showing the cost of title insurance. Because the CFPB only cares about the costs attributable to the loan closing, closing agents are required to set forth the cost of the loan policy on...
Efforts to simplify closing documentation have many kinks. As regulation and enforcement of mortgage loan closings shifts from HUD to the Consumer Protection Finance Bureau (CPFB), real estate and loan closers face new rules that are arguably designed to provide more information to borrowers. Anyone...