Articles Tagged with ''TRID''

Executive Conversation: Jason Roth on the industry's TRID readiness

ComplianceEase helps lenders get it right
So, for the moment, our industry has some more breathing room. Make no mistake about it, however, now that consumers (read the plaintiff’s bar) can sue over Real Estate Settlement Procedures Act (RESPA) / Truth in Lending Act (TILA) defects, from now on, every closing is a potential lawsuit for the lender.
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CoesterVMS releases new appraisal fee calculator

Real solution for TRID

CoesterVMS is getting ready to release a disclosure calculator for TRID that produces fee quotes based on property complexity and product selection. After using the calculator, users have the option to place an order or save the quote for later use.


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House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House
Defying the threat of a White House veto, the House on Wednesday afternoon passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a bipartisan vote of 303-121. Here's what happens next.
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Fannie Mae, Freddie Mac just joined CFPB in extending TRID grace period

End date is also undefined
While the House of Representatives is due to vote any day now on formalizing a hold harmless grace period for the enforcement of the CFPB’s new TILA-RESPA Integrated Disclosure rules, Fannie Mae and Freddie Mac are extending an olive branch to the industry, by establishing their own grace period for TRID enforcement – albeit without a designated end date.
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White House absolutely wrong to threaten veto of TRID bill

A weakened administration looks to flex itself for no good reason
The White House is threatening to veto a wholly bipartisan House measure that would simply create a formal “hold-harmless” grace period for lenders and others in the industry operating under the new and incredibly complex TILA-RESPA Integrated Disclosure rule. Because reasons or something.
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