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Experts weigh in on the impact of making amendments to the Tila-RESPA Integrated Disclosure (TRID) rule to help RMBS on secondary markets.
Read More »A Closer Look at TRID
Home / Tag Archives: TILA-RESPA
The TRID Picture Becomes Clearer
It seems the Consumer Financial Protection Bureau may have finally offered clarity on its 2015 TILA-RESPA Integrated Disclosure Rule—or TRID—today, with the release of “finalized updates” this morning. But is this really the end for the Know Before You Owe confusion? Considering there’s yet another proposal in the works, likely not.
Read More »Nearly One-Quarter of Mortgage Loans Fail Tests for TILA-RESPA Compliance
Recent analysis found that 17 percent of loans currently fail for Truth in Lending Act (TILA) reasons and another 6 percent of the loans failed for being outside of the Real Estate Settlement Procedures Act (RESPA) tolerances.
Read More »CFPB Announces Proposal to Delay TRID Implementation Until October 1
This announcement comes just two weeks after the CFPB announced that a grace period will be in effect for those servicers attempting to comply in good faith with the TRID requirements that are scheduled to go into effect August 1. While the CFPB did not push back the August 1 implementation date of the rule, it attempted to ease some of those concerns by saying it would take into account a company's good faith effort to comply with the rule after it goes into effect.
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