CFPB to hold public closing forum

by MPA21 Apr 2014
The Consumer Financial Protection Bureau will hold a mortgage forum Wednesday in Washington, D.C.

The forum will be on the mortgage closing process and will feature remarks from CFPB Director Richard Cordray. There will also be discussion with consumer groups, mortgage industry representatives and members of the public.

The public is invited to attend, but must RSVP with full name and organizational affiliation. You can RSVP at cfpb.events@cfpb.gov.

If you’re not in the Washington area, you can watch a livestream of the event at http://www.consumerfinance.gov/blog/.
 

COMMENTS

  • by Stacey Johnson | 4/21/2014 4:40:14 PM

    I've been originating hone mortgages now for over 12 years. This new Frank Dodd Act has to be the most unrealistic and most complicated thing I've seen from our elected officials. It is so complex and complicated that each lender reads it differently. You really want the banks to actually comply with these ridiculous rules. And on top of it all your going to hold the lenders liable even after complying to these rules . My opinion this has now gone to far. Do you want banks to continue writing homes mortgages for Fannie and Freddie then get your act together and make it realistic for all involved. You literally need a 4 year degree in home mortgage rules and guidelines to do this business. Came on and reduced it to the point that I can't even make a living anymore to do this job. It is a commission job and I make now less money and work twice as hard as I've very worked. There's going to be no mortgage mortgage originator out there to help buyers if something doesn't change soon!

    Stacey Johnson
    336.312.5555

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