As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (otherwise known as the Dodd-Frank Act), the Consumer Financial Protection Bureau (CFPB) was established.

The central mission of the CFPB is to make markets for consumer financial products and services for Americans - whether they are applying for a mortgage, choosing amount credit cards, or using any number of other consumer financial products.

Learn more about the Consumer Financial Protection Bureau (CFPB) at www.consumerfinance.gov/the-bureau/

CFPB website: www.consumerfinance.gov/

The CFPB will impact every segment of consumer financing, including mortgages. With their "Know Before You Owe" campaign, the CFPB is in the beginning phases of combining the TIL (Truth in Lending) form and the GFE (Good Faith Estimate) into a single, simpler disclosure form.

Since the CFPB is new and still in development, it will be interesting to see what further changes they implement to the already "ever changing" mortgage industry.

Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." NMLS ID #2289. An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.

Know your mortgage options!