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January 16, 2014

CFPB Asks Consumers for ‘Pain Points’ on Mortgage Closings

By Thomas Ressler

Specifically, the CFPB is seeking comment on what consumers find most problematic about the closing process, including errors and changes at the closing table and the involvement of third-parties.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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