On October 3, 2015, the new TILA-RESPA Integrated Disclosures Rule (TRID) went into effect. The rule sought to streamline and clarify some of the overlapping and confusing language on the two ...
Our Financial Services & Products Group gets to know the Consumer Financial Protection Bureau’s long-awaited final TILA and RESPA Integrated Disclosure (TRID) Rule. The black hole Highlighted ...
Secure Insight has announced the results of their latest mortgage industry survey, gauging the impact of TRID and the new Closing Disclosure on their lending business. The survey was conducted March 7 ...
Now that more than a full year passed since the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule in October 2015, ARMCO released the Mortgage QC ...
In a big win for the mortgage industry, the Consumer Financial Protection Bureau finalized an amendment to its "know before you owe" mortgage disclosure rule that gives lenders more flexibility to ...
After the Consumer Financial Protection Bureau finalized the TILA-RESPA Integrated Disclosure in Oct. 3, 2015, credit unions reportedly began experiencing delays closing home loans, according to data ...
Months of preparation and training paid off for Realtors as the implementation of new closing documents known as the Real Estate Settlement Procedures Act (RESPA) and Truth-in-Lending Act (TILA) ...
The TRID Rule has been in effect for exactly 5 years (October 3, 2015) and the Consumer Financial Protection Bureau (CFPB) has published an assessment of its effects and effectiveness. The TRID Rule ...
TRID translates to TILA-RESPA Integrated Disclosure and it went into effect on Oct. 3 of 2015. Simply put, TRID combines the Good Faith Estimate and Early Truth-in-Lending disclosure into the loan ...
The Consumer Financial Protection Bureau released a five-year look-back review of its mortgage disclosure rule that found consumers benefited from being able to compare terms and costs but that ...
Research by RealtyTrac finds the percentage of homes that were bought and sold within 12 months (i.e. flipped) soared to 5.5% of all homes, reaching a 10 year high. Shame “flipped” has the connotation ...
A closing disclosure is a set of documents that contains the finalized details of your mortgage. Mortgage lenders are required to furnish the closing disclosure at least three business days before the ...