Within the Dodd-Frank Wall Street Reform Act the CFPB was instructed to take the four disclosure forms received by Consumers when financing a home and combine them into one form in order to achieve better understanding and transparency.
I recently co-sponsored an educational event about Mortgage fraud. I researched the topic at length by interviewing colleagues, reading cases, and digesting other information I could find. Mortgage fraud is a major problem. It happens all of the time all over the country. The advice I give professionals in the real estate business is: think beyond due diligence.