Items Tagged with 'Know Before You Owe rule'


  • CFPB finalizes updates to TRID

    Includes a limited follow-up proposal
    After much anticipation, the CFPB officially released the finalized updates to the Know Before You Owe mortgage disclosure rule, also known as the TILA-RESPA Integrated Disclosure rule. The newly amended rule finally answers industry calls for greater clarity and certainty. But it’s not over. The CFPB also announced a follow-up proposal, seeking information on closing disclosures.
    Read More
  • 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.
    Read More
  • Don't move on too quick, TRID isn't over yet

    Not enough TRID at MBA Annual? Here’s what you need
    Last year, TRID was everywhere. You couldn’t get away from the Consumer Financial Protection Bureau’s new Know Before You Owe rule. But while you likely have a better handle on TRID one year later, don’t forget that the news on TRID isn’t over. The Mortgage Bankers Association’s annual convention this year featured only one panel session on TRID, a significant change from all the hype surrounding it last year. Here's what you still need to know. But act fast, this webinar is today.
    Read More
  • 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.
    Read More
  • Initial thoughts: Did the CFPB successfully update TRID?

    Three TRID experts weigh in
    The Consumer Financial Protection Bureau’s new proposal to update its Know Before You Owe rule came out barely even a week ago. Coming in at a whopping 293 pages, there is a lot of information that everyone is working through. Now that the new proposal is out, HousingWire followed up with three expert TRID attorneys to get their initial read on the rule.
    Read More