Items Tagged with 'Diane Evans'

ARTICLES

  • From HW Magazine

    TRID aftermath: Resolving the thorny problems that remain

    The industry continues call for a formalized grace period
    Kevin Wall, president of First American Title Insurance Company’s Mortgage Solutions group, explained that in the case of recording fees, for example, the actual fee is something that is often unknowable at the time of disclosure under TRID. In a purchase transaction, recording fees are almost always calculated on a per-page basis and one of the documents to be recorded is the deed. But under the disclosure timing mandated by TRID, the disclosure may often take place before the deed is even prepared.
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  • ALTA: This is where the CFPB got title insurance wrong with TRID

    Requires providing wrong information to consumers
    Diane Evans, president of American Land Title Association, addresses the glaring issue in the new TILA-RESPA Integrated Disclosure Rule in regards to title insurance. According to the new rule, the CFPB actually mandates that the correct and actual price of title insurance products be withheld from consumers.
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  • From HW Magazine

    The awful truth about TRID

    Even with a grace period, the remedy is worse than the disease
    The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry.
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