The CFPB aims to make TRID implementation easier through webinar series
In October 2015, the real estate industry had a new rule to deal with. The anticipation for the new Consumer Financial Protection Bureau’s (CFPB’S) TILA-RESPA Integrated Disclosures rule, or TRID, was weighty, and nobody knew what to expect. Would the CFPB delay implementation? (Yes, as it turned out.) Would the new rules cause closing delays? (Jury’s still out.)
Despite initial struggles, the lending industry and consumers are finally accepting the new regulation
Although the TILA-RESPA Integrated Disclosure rule was created to make the homebuying process simpler and easier, a ClosingCorp survey suggests that experienced buyers are encountering ‘unexpected costs, fees and surprises’
Don't get up -- really, you don't have to
American Bankers Association survey says banks are struggling under the compliance burden — and it’s trickling down to consumers
The organization will offer regulatory compliance education services to brokers and agents
Purchase loan originations fell 24 percent quarter-over-quarter thanks to challenges posed by the complex regulation, according to RealtyTrac report
But it may not be the guidance the industry’s been hoping for
And what agents can do about it
TRID is causing some headaches, but you can help to relieve some of the pain
Nearly 7,200 single-family homes and condos sold in LA County during December
TRID errors cause delays
Two months into the new mortgage disclosure regime, real estate industry assesses how the complex regulations are affecting mortgage applications, closing times and relationships with industry partners