News & Updates


CFPB Update: January 16, 2013

18 Jan 2013 3:55 PM | Edith Tella (Administrator)

CFPB Issues Rules to Strengthen Protections for High-Cost Mortgages

The CFPB issued final rules to strengthen consumer protections for high-cost mortgages and to provide consumers with information about homeownership counseling. The Bureau also finalized a rule that requires escrow accounts be established for a minimum of five years for certain higher-priced mortgage loans.
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