ALTA President Outlines Principles for Successful Mortgage Disclosures during Congressional Hearing

June 21, 2012

In his testimony, Chris Abbinante urged the bureau to clearly delineate the responsibilities and requirements of lenders and settlement agents under the regulation, adding that settlement agents need to continue to have a part in real estate settlements as an independent, third party to the transaction. Read on for a summary of his testimony, as well as comments from Raj Date, deputy director of the CFPB.

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