good faith estimate: New Good Faith Estimate (GFE)
- 02/07/14 06:18 PM
The Consumer Finance Protection Bureau (CFPB) has finally announced the date of when the much awaited New Good Faith Estimate (GFE) will go into effect. After designing and redesigning as well as testing the new GFE for over two years the CFPB has finally determined the new GFE will go into effect on August 15, 2015. This means we will continue to use existing GFE for another year and half years, unless the CFPB makes provisions for Lenders to implement the new GFE earlier if they choose. The new GFE will also take on a new name on August 15, 2015, it will … (33 comments)
The Consumer Finance Protection Bureau (CFPB) has finally announced the date of when the much awaited New Good Faith Estimate (GFE) will go into effect. After designing and redesigning as well as testing the new GFE for over two years the CFPB has finally determined the new GFE will go into effect on August 15, 2015. This means we will continue to use existing GFE for another year and half years, unless the CFPB makes provisions for Lenders to implement the new GFE earlier if they choose. The new GFE will also take on a new name on August 15, 2015, it will … (33 comments)
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