Consumer Financial Protection Bureau, which is assembling a panel of small
businesses to review its mortgage application and closing disclosures, will
look to merge Real Estate Settlement Procedures Act and Truth in Lending Act
regulations before finalizing changes to the good-faith estimate. The agency
wants to move from a 10 percent tolerance level to a zero-tolerance level on
cost estimates when a lender recommends an independent settlement servicer
provider, in order to make loan estimates more reliable for borrowers.
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