Items Tagged with 'TRID implementation date'


  • Did the sound and fury of TRID actually amount to nothing?

    Early indications say TRID concerns were unwarranted
    For all the uproar surrounding the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule earlier this month, early indications are that TRID isn’t actually going to have any impact on the lifeblood of the mortgage business – originations.
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  • Are vendors the CFPB’s next target?

    Cordray calls out vendors for TRID implementation issues
    Speaking this week at the Mortgage Bankers Associations’ 102nd Annual Convention and Expo, Richard Cordray, the director of the Consumer Financial Protection Bureau, issued a warning that should have one segment of the mortgage finance industry quaking in its proverbial boots. Vendors, you have a problem.
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  • Industry voices concern over looming TRID-related delays, headaches

    Quicken, NAR, others tell WSJ of potential issues
    Well, it’s coming Saturday, whether you like it or not. Oct. 3 marks the effective date of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule or TRID. And some in the industry are voicing concerns about potential issues they are about to face.
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  • Community lenders warn CFPB on TRID ‘black hole’

    Potential for conflict stems from Loan Estimate and Closing Disclosure timelines
    The Community Home Lenders Association is calling on the Consumer Financial Protection Bureau to address a potential “black hole” for lenders that could arise when the new Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosure rule, takes effect on Oct. 3.
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  • NAMB to Congress: New TRID forms should disclose g-fee costs

    Homebuyers should see fees that "in no way benefit them"
    The Association of Mortgage Professionals says the Consumer Financial Protection Bureau’s new Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, doesn’t disclose enough and says homebuyers are entitled to know where all the money they pay to buy a home is going.
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  • Trade groups join Congress to push CFPB for formalized TRID grace period

    Want “reasonable hold-harmless period”
    A large group of industry trade organizations is joining Congress to push the CFPB to adopt a formalized grace period for the enforcement of the complex TILA-RESPA Integrated Disclosure requirements that go into effect Aug. 1. The groups believe the CFPB's announcement of an undefined TRID grace period was a good first step, but it's not enough.
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  • CFPB Director Cordray corrects “serious misunderstanding” about TRID

    Plus, 3 circumstances that would allow for closing delays
    The Aug. 1, 2015 implementation date for the TILA-RESPA Integrated Disclosure still stands, as of now. In a speech Tuesday, the director of the CFPB cleared some of the air on TRID misunderstandings, but looking at the fine print, talk of delaying TRID is not off the table. Still, some in Congress disagree, and are trying to do something about it.
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