Articles Tagged with ''TRID''

Is the mortgage industry ready for TRID and more next year?

TRID, rising interest rates, MSAs take center stage
As we head into the end of the year, there is always much discussion around what the next year will bring for the mortgage industry. But before you predict next year, you must look at what the mortgage industry can expect for the rest of this year. The greatest challenge, however, may be the industry’s perception of itself.
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Did the sound and fury of TRID actually amount to nothing?

Early indications say TRID concerns were unwarranted
For all the uproar surrounding the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule earlier this month, early indications are that TRID isn’t actually going to have any impact on the lifeblood of the mortgage business – originations.
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[Survey] Most banks highly concerned about TRID, HMDA compliance

Wolters Kluwer report shows banks’ concern over compliance is rising
With each new rule that’s released by regulators, banks face an additional set of compliance challenges that must be met or else, and a new survey from Wolters Kluwer Financial Services shows just how concerned banks are by those new compliance challenges.
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Here’s how TRID is reshaping title companies

Disclosure, accuracy requirements present challenges
It’s now almost a month since the TILA-RESPA Integrated Disclosure rule went live, and the effects are being felt up and down the pipeline across a variety of services and specialties in the mortgage finance industry. This week we look at the title space. Read on.
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First TRID-based loans underway

Industry more than two weeks into new lending environment
A little more than two weeks in, and the first handful of loans under the Consumer Financial Protection Bureau’s TRID rule are underway. Welcome to the new world of TRID.
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Is the mortgage industry entering a new era of partnership?

Regulatory and market pressures could force increased collaboration
Title companies are beginning to pool their resources with former competitors, forming alliances to leverage their resources and assets and thereby cutting costs (e.g. with “back office” functions). This is less likely a trend than it is a new “normal.” Together, the industry needs to seek ways to become even more efficient.
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Are vendors the CFPB’s next target?

Cordray calls out vendors for TRID implementation issues
Speaking this week at the Mortgage Bankers Associations’ 102nd Annual Convention and Expo, Richard Cordray, the director of the Consumer Financial Protection Bureau, issued a warning that should have one segment of the mortgage finance industry quaking in its proverbial boots. Vendors, you have a problem.
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FHA becomes latest to extend TRID enforcement grace period

Joins CFPB, Fannie Mae, and Freddie Mac
Following the lead set by the Consumer Financial Protection Bureau, Fannie Mae and Freddie Mac, the Federal Housing Administration announced that it will also be establishing a grace period for the enforcement of the CFPB’s new TILA-RESPA Integrated Disclosure rules, which went into effect on Oct. 3.
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