The new prototypes compare a fixed-rate (Pinyon Bank) and an adjustable-rate (Yucca Bank) loan:
Pinyon Bank - Fixed Rate
Yucca Bank - Adjustable Rate
These samples appear to have some itemization. This has been a real roller coaster! Earlier samples from CFPB show itemization and some don't! One can only wonder - what gives?
Could it be that CFPB will allow itemization based upon jurisdictional differences? This angle might also come into play considering loan types such as VA where the Administrator ruled that certain itemizations must appear.The description "optional" has returned regarding the Owner(s) Title Insurance Premium. It may be that the word "optional" will be shown on refinance transactions as opposed to sales/transfers where the estate is being created in new parties.
According to a press report from the ALTA the CFPB will have a new proposed HUD-1/1A before Thanksgiving, 2011.