Items Tagged with 'TRID'

ARTICLES

Biggest industry pain points with TRID still tied to title and settlement services

Ellie Mae Experience conference panel outlines where proposed changes still fall short
In a conference room packed with lenders at the Ellie Mae Experience conference, it was clear that the proposed changes to the TILA-RESPA Integrated Disclosure rule are welcome, but don't go nearly far enough. The biggest complaint? The Consumer Financial Protection Bureau proposed changes to the rule don't address two of the biggest challenges, both of which concern lenders coordinating with title and settlement services.
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The future of TRID hangs in the balance amid Trump regulatory actions

Will the industry ever get the answers it needs on TRID?
A freeze on a final rule of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called TRID, could become an unfortunate side effect of Trump’s executive order on Monday. The last status update the bureau gave the industry was that it would weigh submitted comments and then issue a final rule. But will the industry ever get its much-needed answers to TRID with the new regulatory actions Trump announced?
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Exclusive: Nationstar CEO Jay Bray on impact of 'surprising' election; higher interest rates

Plus, what does potential regulatory rollback mean for Nationstar's future?
Count Nationstar Mortgage CEO Jay Bray among those who were surprised by the election of Donald Trump, but Bray tells HousingWire that he is looking forward to working with the incoming Trump administration and is cautiously optimistic on the impact that the president-elect could have on the financial services business. Here's part two of HousingWire's exclusive interview with Bray.
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Mortgage defects fall for first time in a year as TRID issues subside

New ARMCO report shows regulatory/compliance defects falling in Q2

Earlier this year, a report from ACES Risk Management shows the rate of serious mortgage defects on the uptick from the moment TRID started. Now, a new report from ARMCO shows that as the mortgage industry becomes more accustomed to operating in the post-TRID world, serious mortgage defects are actually declining.


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What's next now that Republicans control the Presidency and Congress?

Are Dodd-Frank and the CFPB on the chopping block?
While much of the country’s attention is focused on the seemingly unexpected election of Donald Trump, it shouldn’t be lost that the Republican Party also maintained its control of the House of Representatives and the Senate in this election. Now one party will control the legislative and executive branches of the government for at least the next two years. So what does that mean for the financial services industry, given the seismic changes the industry has seen in the last eight years?
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As far as tech innovation goes, here’s where the industry’s headed

Short-term and long-term
Innovation is the new buzzword for the mortgage industry, replacing TRID, which instigated a less enthusiastic response. The Mortgage Bankers Association’s annual convention and expo in Boston late last month showed that the industry moved beyond the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule to its new focus, innovation. This is what it plans to do next.
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Bye-bye regulation, the mortgage industry found a new focus: technology innovation

The hot topic at MBA Annual 2016
There was a clear difference in the atmosphere at the Mortgage Bankers Association’s annual convention and expo in Boston this year. A quick look at this year's headlines compared to last year's headlines shows the dichotomy between the two. The industry was so stifled by TRID last year that the burden carried over into the mood of the conference. This year, however, produced a different, better story.
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Don't move on too quick, TRID isn't over yet

Not enough TRID at MBA Annual? Here’s what you need
Last year, TRID was everywhere. You couldn’t get away from the Consumer Financial Protection Bureau’s new Know Before You Owe rule. But while you likely have a better handle on TRID one year later, don’t forget that the news on TRID isn’t over. The Mortgage Bankers Association’s annual convention this year featured only one panel session on TRID, a significant change from all the hype surrounding it last year. Here's what you still need to know. But act fast, this webinar is today.
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Top industry voices submit final comments on looming TRID changes

Time to sit back and wait
The industry’s last chance to change the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule just closed. On Tuesday, the door shut on the ability for the industry to comment on the bureau’s proposed updated to the new rule. Now the industry can only sit back and wait.
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