Items Tagged with 'TRID'

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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  • Why consumer protection regulation is necessary — but often useless

    The TRID rule is a perfect example of good intentions colliding with reality
    The TILA-RESPA Integrated Disclosure rule was conceived as part of the CFPB’s noble goal of giving consumers information about their total loan costs before they signed documents that bound them in a 30-year contract. But for all the good intentions behind this rule, it’s just not practical. Like me, most homeowners are shopping lenders before they even know their property address, so what they are comparing are pre-qualifications or pre-approvals, not loan estimates.
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  • 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.
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  • 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.
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  • 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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  • 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.
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  • 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.
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