Easier-To-Understand Mortgage Disclosures Benefit Consumers and Community Associations

It is often difficult to decipher all of the information and terms on a mortgage loan disclosure. Yet with a signature, they bind us far into our futures. On October 3, 2015, those disclosure requirements changed for the better. They have been simplified so that mortgage terms will be easier to understand for consumers. Likewise, regulations affecting the reporting of community association fees and charges have been relaxed so that lenders can rely on several different sources to compile the information needed for disclosing community association fees and charges.      Read the article…………



Related Articles

NJ Court Revives $18M Condo Defects Suit

A New Jersey appeals court has revived a condominium association’s $18 million lawsuit over construction defects, saying in opinion published

Communicating with Your HOA – How Do You Do It? Is Email Required?

“Good morning, as an out of state owner of a California condo, I am unable to attend Board meetings. The

Two’s Company, but Three’s a Crowd: A Third Parties Right to Intervene in a Foreclosure Lawsuit

Are subsequent title holders who obtain an interest in real property during the pendency of a foreclosure lawsuit where a