Senate Bill 1846 delays rate hikes to the National Flood Insurance Program. Failing to pass it could mean flood insurance becomes unaffordable to many. Passing it means taxpayers are on the hook for billions for coastal homeowners.
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More