Items Tagged with 'Know Before Your Owe'

ARTICLES

  • HousingWire's weekly news podcast #4

    We discuss TRID, GDP and the expansion of Freddie Mac's 3% down program
    This week, HousingWire Editor-in-Chief Jacob Gaffney is joined by Reporter Kelsey Ramírez and Online Editor Caroline Basile to discuss the CFPB's final amendment to the Know Before You Owe rule, disappointing GDP results, mortgage rates, and Freddie Mac's expansion of its 3% down program.
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  • CFPB fixes TRID “black hole,” amends Know Before You Owe

    Amendment provides clarity for closing cost increases
    The Consumer Financial Protection Bureau announced it fixed what those in the mortgage industry have taken to calling the “black hole” in the Know Before You Owe rule. After requesting input from the mortgage industry, the CFPB finalized its amendment to the Know Before You Owe rule, which included changes to the four-day Closing Disclosure period.
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  • 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.
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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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  • 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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  • Monday Morning Cup of Coffee: Illinois looks to end ties with Wells Fargo; TRID anniversary

    What's going on with Deutsche Bank?
    One year ago today marked a pivotal change in the industry: the CFPB officially held lenders, vendors and everyone in the industry accountable for the Know Before You Owe rule. Meanwhile, trouble is far from over for Wells Fargo as the city of Chicago and the state of Illinois add their names to the list of places that are still looking for retribution.
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  • TRID one year later

    Happy anniversary!
    Oct. 3, 2015. A historic day for the mortgage industry. Also, one forever marked as the official implementation date for the Consumer Financial Protection Bureau's Know Before You Owe rule. Now a year officially passed since the implementation deadline, it’s easier to see exactly how the industry dealt with the massive changes.
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  • MBA: The most important factor for lenders in the TRID proposed changes

    Responds to CFPB open-comment period
    Pending a complete government shift in housing regulation, the industry is left to implement the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule. As one of the biggest voices in the industry, the Mortgage Bankers Association added to the discussion on the importance of the comment period that is now open for the CFPB’s proposed updates to the rule.
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  • Here are the top 5 ways technology reinvents getting a mortgage

    The rise of the digital mortgage
    The mortgage lending industry is still largely powered by technology that was first introduced before the 2000 dot-com bubble. Why? Realistically, getting a mortgage will never truly be a one-click process, and frankly, it shouldn’t be, but with technology it can be a better, faster process than it is. And while we have a ways to go to get there, these tips can help.
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  • CFPB: TRID comment period now open

    Two months to go
    The 64-day countdown begins now on the comment period for proposed updates to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule. And there are plenty of areas to weigh in on.
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