Since 2015 the release of the TILA-RESPA rule answered a lot of questions, but also created more, and even created the ever theorized "Black Hole." But instead of a high density heavenly body, this black hole was a weird undefined frame work of time where fees could be changed and communicated prior to closing (and so much more).
So without further ado, here is a short recap. For the longer explanation training video scroll down the page where you can also find links to the rule, press release, and more.
So there is a quick hit overview. There is a 65 page write up on this rule along with a press release you can read here:
Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z)
As promised, here is a longer explanation/training video where we go into some more detail, some cover on the comments about the 4 Day Window, and the resolution:
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The Reviews Are In // The Secret Is Out