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CPFB Proposes Additional Changes to TILA-RESPA Rule

by devteam October 16th, 2014

The Consumer Financial Protection Bureau (CFPB) has proposed further changes to the new consolidated Loan Estimate and Closing Disclosure Mortgage forms that are scheduled to go into effect on August 15, 2015 . The proposed forms were unveiled by CFPB

Mortgage Application Rebound Continues as Rates Drop

by devteam October 15th, 2014

A significant drop in mortgage rates triggered a surge in refinancing activity during the week ended October 10. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume , rose 5.6 percent on a seasonally

Profits Increase for Big 3; Wells Cites Mortgage Improvements

by devteam October 15th, 2014

Three of the country's largest banks announced their profits for the third quarter on Tuesday. For Wells Fargo and Citigroup profits increased compared to those in the third quarter of 2013, for JPMorgan Chase (Chase) it was a turn-around from a third

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