The Consumer Financial Protection Bureau (CFPB), has proposed changes to the Know Before You Owe mortgage disclosure rule that went into effect on October 3, 2015. The proposed updates are intended to clarify parts of the mortgage disclosure rule to make for a smoother implementation process. Also known as TRID, the Know Before You Owe disclosure rule created two streamlined disclosure forms: The Loan Estimate and the Closing Disclosure. The Loan Estimate is provided by the lender within 3 business days of the loan application. The Closing Disclosure contains the actual terms and costs of the transaction and must be provided [...]