Fed Proposes Massive Overhaul of TILA Disclosures, New Limitations on Originator Compensation
July 23, 2009
The Federal Reserve Board this week proposed sweeping changes to mortgage disclosure requirements from the beginning of the borrower’s loan shopping until after loan closing at a time when the industry is already wrestling with a number of compliance challenges.Included in the package of proposed amendments to Regulation Z are new limitations on payments to...