Items Tagged with 'Loan Estimate'

ARTICLES

  • 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.
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  • Better Mortgage offering $1,000 guarantee that it can beat other lenders’ pricing

    Telling borrowers that it will beat any lender’s loan pricing or give you $1,000
    Better Mortgage, an online mortgage lender, is now offering borrowers a guarantee that its mortgage is cheaper than any other lenders’ options, and the lender is putting its money where its mouth is. Better Mortgage now guarantees that it will beat any competitor’s loan estimate by $1,000. If not, Better will give the borrower $1,000.
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  • From HW Magazine

    Meeting the TRID deadline

    Integrated Disclosure implementation and technology readiness
    The industry has already spent an enormous amount of time understanding the new requirements. Because the rule was finalized late (in November 2013) and required a long lead time to clarify and understand it, technology firms have had a significantly shorter timeframe to develop and test software.
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  • CFPB finalizes its 'Know Before You Owe' campaign

    Agency reveals new loan disclosures after 2 years of study
    Lenders will be required to start utilizing the Consumer Financial Protection Bureau’s finalized "Know Before You Owe" loan disclosure documents in an effort to more efficiently lay out mortgage terms for homebuyers, the bureau announced this week.
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