What lenders need to know about CFPB's mortgage shopping toolkit

On March 30, the Consumer Financial Protection Bureau published a revised consumer publication related to mortgage loans. This publication, a replacement of the "Settlement Cost Booklet" or "Special Information Booklet," is a widely anticipated companion to the Truth in Lending Act and Real Estate Settlement Procedures Act, or TILA-RESPA, Integrated Disclosure (collectively referred to as TRID) requirements.

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