Lenders, brokers prepare for major changes to rules

16th June, 2015 by

By Melanie Wong

EAGLE COUNTY — Mortgage lender Chris Neuswanger remembers a recent deal where four transactions were completed on the same day — both the buyer and seller of a home were simultaneously either selling their old home or purchasing a new one. It all went down without a hitch, but it’s the kind of common situation that Neuswanger and other industry experts don’t expect to be seeing much of in the future.New regulations implemented by the Consumer Financial Protection Bureau that go into effect Aug. 1 state that if there are any changes in the cost of a loan transaction, such …

Source:: Vail Daily Feed



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