Posted by Doris_CO on 11/10/13 7:12pm
Msg #492209

CFPB Launches Tool to Locate Housing Counselors

The Consumer Financial Protection Agency reminded lenders today of the requirement, starting January 10, to provide consumers with a list of homeownership counseling organizations. Consumers should be given such a list at the time they apply for a mortgage so they know where to get help or guidance to decide which loan is the best for them.

See the article: http://www.mortgagenewsdaily.com/11082013_cfpb_mortgage_rules.asp

This might be good, but it's also another government agency the prospective homeowner will have to wade through.

Reply by MikeC/TX on 11/10/13 7:41pm
Msg #492217

"This might be good, but it's also another government agency the prospective homeowner will have to wade through."

Perhaps, but except for some first-time buyers, most will probably ignore it.