Articles Tagged with ''TRID''

House approves changes to TRID rule, loan originator licensing rules

Bill brings changes to SAFE Act rules for nonbank originators
The House of Representatives last night approved a bill that could bring big changes to the mortgage industry, including making it easier for loan originators to move from a traditional bank to a nonbank. The bill would also bring changes to the CFPB’s TRID rule. Here are the full details.
Read More

ComplianceEase adds California per diem interest testing to ComplianceAnalyzer

New functionality enables lenders to easily audit interest calculations
Automated compliance solutions provider ComplianceEase has added California per diem interest testing to ComplianceAnalyzer with TRID Monitor. The compliance solution is now able to test TRID, RESPA 2010 and pre-2010 forms to validate California’s per diem interest calculations.
Read More

NAFCU supports CFPB TRID proposal to fix "black hole"

Comment period closed Monday
The Consumer Financial Protection Bureau shut the door on the comment period for its proposal to amend part of the TILA-RESPA Integrated Disclosure rule involving changes to the Closing Disclosure form. The bureau’s proposed amendments sought to resolve the "black hole" issue under TRID, an issue NAFCU strongly supports.
Read More

Bipartisan push begins in Congress to change part of CFPB’s TRID rule

Reps. French Hill and Ruben Kihuen lead effort on changing title insurance issue
In an increasingly rare moment of bipartisanship, two Congressmen from opposite sides of the political aisle are partnering to push for a change to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, or TRID. Here are the details.
Read More

House to consider bill to change TRID rules

“TRID Improvement Act of 2017” could give lenders more regulatory leeway
The House of Representatives could soon consider a bill that would bring several changes to the Consumer Financial Protection Bureau’s “Know Before You Owe mortgage disclosure rule”, also known as the TILA-RESPA Integrated Disclosure rule or TRID. Here are all the details.
Read More

Confused about CFPB regulations? Ask your questions here

Clarification on TRID, RESPA and more from the bureau
Ever since the Consumer Financial Protection Bureau came into fruition, the industry has spent countless hours trying to interpret how to properly stay in compliance with their regulations. For those who are having trouble making sure they interpret the rules correctly, there’s good news. Check out this new submission form from the bureau.
Read More

TRID updates and latest proposal published in Federal Register

Updates effective Oct. 10
Consumer Financial Protection Bureau’s finalized updates to the Know Before You Owe mortgage disclosure rule, also known as the TILA-RESPA Integrated Disclosure rule, will officially take effect on Oct. 10, 2017. But, it’s important to note that despite the effective date, the CFPB set a mandatory compliance date for Oct. 1, 2018.
Read More

Industry responds to updated TRID rule

MBA, NAFCU, NAR weigh in on updates
After much anticipation, industry associations weighed in on the Consumer Financial Protection Bureau’s finalized updates to the Know Before You Owe mortgage disclosure rule, also known as the TILA-RESPA Integrated Disclosure rule. The new updates, after all, were meant to answer cries from the same associations for more clarity and certainty around TRID.
Read More