Request for Information Regarding the Mortgage Closing Process, 386-387 [2013-31436]
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Federal Register / Vol. 79, No. 2 / Friday, January 3, 2014 / Notices
• Conducting ‘‘variable retention’’
regeneration harvest and post-harvest
burning activities on up to 2300 acres
distributed across the focus areas to
create early sucessional plant
communities and improve wildlife
habitat while re-establishing long-lived
early seral tree species. Variable
retention harvest would include areas of
full retention (clumps), irregular edges,
and retention of snags and legacy trees
to provide structure and a future source
of woody debris. Openings would likely
exceed 40 acres. Creation of openings
over 40 acres requires 60 day public
review and Regional Forest approval.
This letter provides public notice that
an environmental impact statement will
be prepared and Regional Forester
approval requested.
• Applying improvement harvest
(thin from below) on approximately 875
acres to remove encroachment and
ladder fuels from ponderosa pine
dominated stands.
• Construct up to 18 miles of
temporary roads to carry out the
proposed action. Roads would be
designed and located to minimize
environmental effects and
decommissioned after use.
• Harvest would be conducted by
ground based (tractor/skyline) and aerial
(helicopter) logging systems. Logs
would likely be landed in the Wild and
Scenic River corridor at designated
helicopter landings.
• Creating a shaded fuel break and
defensible space for approximately 300
feet on NFS lands adjacent to private
properties within the project area. This
may include commercial and noncommercial thinning, pruning of ladder
fuels and hand piling of slash.
Responsible Official and Lead Agency
The USDA Forest Service is the lead
agency for this proposal. The Nez PerceClearwater Forest Supervisor is the
responsible official.
The Decision To Be Made is whether
to adopt the proposed action, in whole
or inpart, or another alternative; and
what mitigation measures and
management requirements will be
implemented.
The Scoping Process for the EIS is
being initiated with this notice. The
scoping process will identify issues to
be analyzed in detail and will lead to
the developemnt of alternatives to the
proposal. The Forest Service is seeking
information and comments from other
Federal, State, and local agencies; Tribal
Governments; and organizations and
individuals who may be interested in or
affected by the proposed action.
Comments received in response to this
notice, including the names and
addresses of those who comment, will
be a part of the project record and
available for public review.
Early Notice of Importance of Public
Participation in Subsequent
Environmental Review: A draft
environmental impact statement will be
prepared for comment. The second
major opportunity for public input will
be when the draft EIS is published. The
comment period for the draft EIS will be
45 days from the date the
Environmental Protection Agency
publishes the notice of availability in
the Federal Register. The Draft EIS is
anticipated to be available for public
review in May 2013.
Dated: December 20, 2013.
Rick Brazell,
Forest Supervisor.
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Watershed Improvement
[FR Doc. 2013–31457 Filed 1–2–14; 8:45 am]
• 2–3 miles of system roads no longer
considered necessary for transportation
needs would be decommissioned.
• Maintaining and improving of 7–10
miles of roads used to support the
proposed actions. Maintenance or
improvement may include culvert
installation or replacement, ditch
cleaning, and riprap placement for
drainage improvement. It may also
include gravel placement, road grading
and dust abatement.
Possible Alternatives the Forest
Service will consider include a noaction alternative, which will serve as a
baseline for comparison of alternatives.
The proposed action will be considered
along with additional alternatives that
will be developed to meet the purpose
and need for action, and to address
significant issues identified during
scoping.
BILLING CODE 3410–11–P
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COMMODITY FUTURES TRADING
COMMISSION
Sunshine Act Meeting
10:00 a.m., Friday,
January 10, 2014.
PLACE: 1155 21st St. NW., Washington,
DC, 9th Floor Commission Conference
Room.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
Surveillance, Enforcement Matters, and
Examinations. In the event that the
times, dates, or locations of this or any
future meetings change, an
announcement of the change, along with
the new time and place of the meeting
will be posted on the Commission’s
Web site at https://www.cftc.gov.
TIME AND DATE:
PO 00000
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CONTACT PERSON FOR MORE INFORMATION:
Melissa D. Jurgens, 202–418–5516.
Melissa D. Jurgens,
Secretary of the Commission.
[FR Doc. 2013–31549 Filed 12–31–13; 4:15 pm]
BILLING CODE 6351–01–P
BUREAU OF CONSUMER FINANCIAL
PROTECTION
[Docket No.: CFPB–2013–0036]
Request for Information Regarding the
Mortgage Closing Process
Bureau of Consumer Financial
Protection.
ACTION: Notice and request for
information.
AGENCY:
This notice requests
information from the public about
mortgage closing. Specifically, the
Consumer Financial Protection Bureau
(CFPB) seeks information on key
consumer ‘‘pain points’’ associated with
mortgage closing and how those pain
points might be addressed by market
innovations and technology.
The CFPB seeks to encourage the
development of a more streamlined,
efficient, and educational closing
process as the mortgage industry
increases its usage of technology,
electronic signatures, and paperless
processes. The next phase of CFPB’s
Know Before You Owe initiative aims to
identify ways to improve the mortgage
closing process for consumers. This
project will encourage interventions that
increase consumer knowledge,
understanding, and confidence at
closing.
This notice seeks information from
market participants, consumers, and
other stakeholders who work closely
with consumers. The information will
inform the CFPB’s understanding of
what consumers find most problematic
about the current closing process and
inform the CFPB’s vision for an
improved closing experience.
DATES: Submit comments on or before
February 7, 2014.
ADDRESSES: You may submit responsive
information and other comments,
identified by Docket No. CFPB–2013–
0036, by any of the following methods:
• Electronic: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail/Hand Delivery/Courier:
Monica Jackson, Office of the Executive
Secretary, Consumer Financial
Protection Bureau, 1700 G Street NW.,
Washington, DC 20552.
Instructions: The Bureau encourages
the early submission of comments. All
SUMMARY:
E:\FR\FM\03JAN1.SGM
03JAN1
Federal Register / Vol. 79, No. 2 / Friday, January 3, 2014 / Notices
submissions must include the document
title and docket number. Because paper
mail in the Washington, DC area and at
the Bureau is subject to delay,
commenters are encouraged to submit
comments electronically. Please note
the number associated with any
question to which you are responding at
the top of each response (you are not
required to answer all questions to
receive consideration of your
comments). In general, all comments
received will be posted without change
to https://www.regulations.gov. In
addition, comments will be available for
public inspection and copying at 1700
G Street NW., Washington, DC 20552,
on official business days between the
hours of 10 a.m. and 5 p.m. Eastern
Time. You can make an appointment to
inspect the documents by telephoning
202–435–7275.
All submissions, including
attachments and other supporting
materials, will become part of the public
record and subject to public disclosure.
Sensitive personal information, such as
account numbers or Social Security
numbers, should not be included.
Submissions will not be edited to
remove any identifying or contact
information.
FOR FURTHER INFORMATION CONTACT: For
general inquiries, submission process
questions or any additional information,
please contact Monica Jackson, Office of
Executive Secretary, at 202–435–7275.
Authority: 12 U.S.C. 5511(c).
Buying a
home is often a consumer’s single
largest financial purchase. According to
the latest numbers from the National
Association of Realtors, the median
price of homes purchased in the United
States is now $207,000. By comparison,
the median household income is about
$51,000, according to the Census
Bureau. It is crucial that consumers
consider the numbers carefully before
making this potentially long-term
commitment, and closing is often their
last opportunity to do so.
However, closing can be stressful and
confusing for consumers. The CFPB
plans to conduct several initiatives in
order to test and study various ways in
which the closing process might be
improved. This information will help
inform those initiatives.
The Bureau encourages comments
from the public, including:
• Consumers;
• Mortgage lenders and loan
servicers;
• Housing finance professionals;
• Brokers and service providers in the
residential real estate industry;
• Real estate agents;
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
16:36 Jan 02, 2014
Jkt 232001
• Housing attorneys;
• Fair lending, civil rights, and
consumer and community advocates;
• Providers of financial and housing
counseling;
• Settlement closing agents; and
• Other interested parties.
The Bureau is interested in responses
in the following general areas, as well as
specific questions below. Please feel free
to respond to any of the questions
outlined below.
Consumers and Closing
1. What are common problems or
issues consumers face at closing? What
parts of the closing process do
consumers find confusing or
overwhelming?
2. Are there specific parts of the
closing process that borrowers find
particularly helpful?
3. What do consumers remember
about closing as related to the overall
mortgage/home-buying process? What
do consumers remember about closing?
4. How long does the closing process
usually take? Do borrowers feel that the
time at the closing table was an
appropriate amount of time? Is it too
long? Too short? Just right?
5. How empowered do consumers
seem to feel at closing? Did they come
to closing with questions? Did they
review the forms beforehand? Did they
know that they can request their
documents in advance? Did they
negotiate?
6. What, if anything, have you found
helps consumers understand the terms
of the loan?
Errors and Changes at Closing
7. What are some common errors you
have seen at closing? How are these
errors detected, if at all? Tell us about
errors that were detected after closing.
8. What changes, diverging from what
was originally presented at closing,
often surprise consumers at closing?
How do consumers react to changes at
closing?
Other Parties at Closing
387
Improving Closing
14. What, if anything, would you
change about the closing process to
make it a better experience for
consumers?
15. What questions should consumers
ask at closing? What are the most
important pieces of information/
documents for them to review?
16. What is the single most important
question a consumer should ask at
closing?
17. What is the single most important
thing a consumer should do before
coming to the closing table?
Dated: December 13, 2013.
Christopher D’Angelo,
Chief of Staff, Bureau of Consumer Financial
Protection.
[FR Doc. 2013–31436 Filed 1–2–14; 8:45 a.m.]
BILLING CODE 4810–AM–P
CONSUMER PRODUCT SAFETY
COMMISSION
Sunshine Act Meeting
Wednesday, January 8,
2014, 10 a.m.–12 p.m.
PLACE: Hearing Room 420, Bethesda
Towers, 4330 East West Highway,
Bethesda, Maryland.
STATUS: Commission Meeting—Open to
the Public.
MATTER TO BE CONSIDERED: Decisional
Matter: Bedside Sleepers (Section
104)—Final Rule.
A live Webcast of the Meeting can be
viewed at www.cpsc.gov/live.
For a recorded message containing the
latest agenda information, call (301)
504–7948.
CONTACT PERSON FOR MORE INFORMATION:
Todd A. Stevenson, Office of the
Secretary, U.S. Consumer Product
Safety Commission, 4330 East West
Highway, Bethesda, MD 20814, (301)
504–7923.
TIME AND DATE:
Dated: December 31, 2013.
Todd A. Stevenson,
Secretary.
9. How, if at all, do consumers
typically seek advice during closing? In
person? By phone? Online?
10. Where and to whom do consumers
turn for advice during closing? Whom
do they typically trust?
[FR Doc. 2013–31536 Filed 12–31–13; 11:15 am]
Closing Documents
Proposed Information Collection;
Comment Request
11. What documents do borrowers
usually remember seeing? What
documents they remember signing?
12. What documents do consumers
find particularly confusing?
13. What resources do borrowers use
to define unfamiliar terms of the loan?
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BILLING CODE 6355–01–P
CORPORATION FOR NATIONAL AND
COMMUNITY SERVICE
Corporation for National and
Community Service.
ACTION: Notice.
AGENCY:
The Corporation for National
and Community Service (CNCS), as part
SUMMARY:
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Agencies
[Federal Register Volume 79, Number 2 (Friday, January 3, 2014)]
[Notices]
[Pages 386-387]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-31436]
=======================================================================
-----------------------------------------------------------------------
BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No.: CFPB-2013-0036]
Request for Information Regarding the Mortgage Closing Process
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice and request for information.
-----------------------------------------------------------------------
SUMMARY: This notice requests information from the public about
mortgage closing. Specifically, the Consumer Financial Protection
Bureau (CFPB) seeks information on key consumer ``pain points''
associated with mortgage closing and how those pain points might be
addressed by market innovations and technology.
The CFPB seeks to encourage the development of a more streamlined,
efficient, and educational closing process as the mortgage industry
increases its usage of technology, electronic signatures, and paperless
processes. The next phase of CFPB's Know Before You Owe initiative aims
to identify ways to improve the mortgage closing process for consumers.
This project will encourage interventions that increase consumer
knowledge, understanding, and confidence at closing.
This notice seeks information from market participants, consumers,
and other stakeholders who work closely with consumers. The information
will inform the CFPB's understanding of what consumers find most
problematic about the current closing process and inform the CFPB's
vision for an improved closing experience.
DATES: Submit comments on or before February 7, 2014.
ADDRESSES: You may submit responsive information and other comments,
identified by Docket No. CFPB-2013-0036, by any of the following
methods:
Electronic: https://www.regulations.gov. Follow the
instructions for submitting comments.
Mail/Hand Delivery/Courier: Monica Jackson, Office of the
Executive Secretary, Consumer Financial Protection Bureau, 1700 G
Street NW., Washington, DC 20552.
Instructions: The Bureau encourages the early submission of
comments. All
[[Page 387]]
submissions must include the document title and docket number. Because
paper mail in the Washington, DC area and at the Bureau is subject to
delay, commenters are encouraged to submit comments electronically.
Please note the number associated with any question to which you are
responding at the top of each response (you are not required to answer
all questions to receive consideration of your comments). In general,
all comments received will be posted without change to https://www.regulations.gov. In addition, comments will be available for public
inspection and copying at 1700 G Street NW., Washington, DC 20552, on
official business days between the hours of 10 a.m. and 5 p.m. Eastern
Time. You can make an appointment to inspect the documents by
telephoning 202-435-7275.
All submissions, including attachments and other supporting
materials, will become part of the public record and subject to public
disclosure. Sensitive personal information, such as account numbers or
Social Security numbers, should not be included. Submissions will not
be edited to remove any identifying or contact information.
FOR FURTHER INFORMATION CONTACT: For general inquiries, submission
process questions or any additional information, please contact Monica
Jackson, Office of Executive Secretary, at 202-435-7275.
Authority: 12 U.S.C. 5511(c).
SUPPLEMENTARY INFORMATION: Buying a home is often a consumer's single
largest financial purchase. According to the latest numbers from the
National Association of Realtors, the median price of homes purchased
in the United States is now $207,000. By comparison, the median
household income is about $51,000, according to the Census Bureau. It
is crucial that consumers consider the numbers carefully before making
this potentially long-term commitment, and closing is often their last
opportunity to do so.
However, closing can be stressful and confusing for consumers. The
CFPB plans to conduct several initiatives in order to test and study
various ways in which the closing process might be improved. This
information will help inform those initiatives.
The Bureau encourages comments from the public, including:
Consumers;
Mortgage lenders and loan servicers;
Housing finance professionals;
Brokers and service providers in the residential real
estate industry;
Real estate agents;
Housing attorneys;
Fair lending, civil rights, and consumer and community
advocates;
Providers of financial and housing counseling;
Settlement closing agents; and
Other interested parties.
The Bureau is interested in responses in the following general
areas, as well as specific questions below. Please feel free to respond
to any of the questions outlined below.
Consumers and Closing
1. What are common problems or issues consumers face at closing?
What parts of the closing process do consumers find confusing or
overwhelming?
2. Are there specific parts of the closing process that borrowers
find particularly helpful?
3. What do consumers remember about closing as related to the
overall mortgage/home-buying process? What do consumers remember about
closing?
4. How long does the closing process usually take? Do borrowers
feel that the time at the closing table was an appropriate amount of
time? Is it too long? Too short? Just right?
5. How empowered do consumers seem to feel at closing? Did they
come to closing with questions? Did they review the forms beforehand?
Did they know that they can request their documents in advance? Did
they negotiate?
6. What, if anything, have you found helps consumers understand the
terms of the loan?
Errors and Changes at Closing
7. What are some common errors you have seen at closing? How are
these errors detected, if at all? Tell us about errors that were
detected after closing.
8. What changes, diverging from what was originally presented at
closing, often surprise consumers at closing? How do consumers react to
changes at closing?
Other Parties at Closing
9. How, if at all, do consumers typically seek advice during
closing? In person? By phone? Online?
10. Where and to whom do consumers turn for advice during closing?
Whom do they typically trust?
Closing Documents
11. What documents do borrowers usually remember seeing? What
documents they remember signing?
12. What documents do consumers find particularly confusing?
13. What resources do borrowers use to define unfamiliar terms of
the loan?
Improving Closing
14. What, if anything, would you change about the closing process
to make it a better experience for consumers?
15. What questions should consumers ask at closing? What are the
most important pieces of information/documents for them to review?
16. What is the single most important question a consumer should
ask at closing?
17. What is the single most important thing a consumer should do
before coming to the closing table?
Dated: December 13, 2013.
Christopher D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2013-31436 Filed 1-2-14; 8:45 a.m.]
BILLING CODE 4810-AM-P