Tag: TRID
-
Increase Your Sales as a Renovation Realtor
Recently, the National Association of REALTORS® (NAR) reported that the highest home buying demand in years is being stifled by tight inventory. In this article, I will demonstrate how you can increase your available inventory by embracing homes in need of renovation. If you are already using renovation loans as a tool to sell more…
-
One Year with TRID
The TILA-RESPA Integrated Disclosure (TRID) rule was created to provide homebuyers protection, and allow them increased control of the home buying process. From consolidating four mortgage forms into two to mandating that homebuyers receive the Closing Disclosure at least three business days before finalizing their mortgage, TRID established regulations to assist buyers in understanding all…
-
House Passes TRID Grace Period Bill
There is no question about it; the TILA-RESPA Integrated Disclosure (TRID) rule transforms the way business is done in the mortgage industry. After multiple postponements, TRID was officially implemented on October 3 with the assurance from the Consumer Financial Protection Bureau (CFPB) that there would be an informal grace period carried out at least through…
-
A Day Away from TRID
The TILA-RESPA Integrated Disclosure (TRID) rule consolidates four mortgage forms into two; the RESPA Good Faith Estimate and Initial Truth-In Lending disclosure have been combined to create the Loan Estimate form, and the RESPA HUD-1 and the Final Truth-In Lending Disclosure now comprise the Closing Disclosure.
-
CFPB Postpones Effective TRID date to October 1
The Consumer Financial Protection Bureau (CFPB) announced a proposal on Wednesday to postpone the implementation date of the TILA-RESPA Integrated Disclosure (TRID) rule from August 1 to October 1.
-
Hope for TRID Delay Slipping Away
CFPB Director Richard Cordray squashed rumors earlier this week of a possible delay in the August 1, 2015 implementation of the TILA-RESPA Integrated Disclosure (TRID) rule.
-
This Week at NAWRB
As the week concludes, we bring you our exclusive recap of the weekly developments at NAWRB headquarters. Like what you’re reading? Click here to become a NAWRB member and get involved! Together, we can work towards a better future for women and women-owned businesses in the housing economy.
-
Bill to Provide Temporary Legal Protection from TRID
In an effort to protect those affected by the upcoming implementation of the TILA-RESPA Integrated Disclosure (TRID), Congressman Steve Pearce (R-NM) and Congressman Brad Sherman (D-CA) have introduced a bill that will provide temporary legal protection.
-
Deadline Approaches for CFPB Director’s Response to TRID Delay Request
The deadline for CFPB Director Richard Cordray to respond to a letter proposing a delay in the implementation of the new TILA-RESPA rule is rapidly approaching. The deadline—Friday, April 17—will be closely followed by the mortgage industry in particular.