Items Tagged with 'TILA-RESPA Integrated Disclosure'

ARTICLES

  • 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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  • 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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  • Mortgage defects fall for first time in a year as TRID issues subside

    New ARMCO report shows regulatory/compliance defects falling in Q2

    Earlier this year, a report from ACES Risk Management shows the rate of serious mortgage defects on the uptick from the moment TRID started. Now, a new report from ARMCO shows that as the mortgage industry becomes more accustomed to operating in the post-TRID world, serious mortgage defects are actually declining.


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  • What's next now that Republicans control the Presidency and Congress?

    Are Dodd-Frank and the CFPB on the chopping block?
    While much of the country’s attention is focused on the seemingly unexpected election of Donald Trump, it shouldn’t be lost that the Republican Party also maintained its control of the House of Representatives and the Senate in this election. Now one party will control the legislative and executive branches of the government for at least the next two years. So what does that mean for the financial services industry, given the seismic changes the industry has seen in the last eight years?
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  • The new normal: Time to close settles at 46 days

    Ellie Mae report suggests TRID issues are calming down
    After rising, falling, and rising again in the wake of the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule, the time to close a mortgage loan appears to finally be settling into a new normal – about a month and a half.
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  • Here's how to ensure TRID-compliant property tax estimates

    It's time to align with CFPB best practices in a post-TRID world
    Post-TRID, we're in a completely different world when it comes to providing timely and – more importantly – accurate information to borrowers. While the mortgage industry may have been able to proceed for decades without a unified standard for property tax disclosures, that’s just not sufficient any longer.
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  • Mortgage defects are skyrocketing. The cause? TRID

    New ARMCO report shows critical defect rate rising since TRID implementation
    As the mortgage industry approaches the one-year anniversary of the October 2015 implementation of the Consumer Financial Protection Bureau’s new TILA-RESPA Integrated Disclosure rule, there is little doubt that the impact is still being felt. In fact, a new report provides some potentially alarming insight into the impact of TRID on lenders.
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