Tag Archives: TRID

Experts weigh in on the impact of making amendments to the Tila-RESPA Integrated Disclosure (TRID) rule to help RMBS on secondary markets.

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.

With an uncertain regulatory environment, new data requirements, and promising technological opportunities all intersecting, mortgage originators face a winding road as they navigate through 2017. Editor's note: this feature originally appeared in the March issue of DS News.

A recent study found that mortgage lenders cited the federal "Know Before You Owe" mortgage disclosure rule to be the source of most of their quality control headaches in 2016.

The Consumer Financial Protection Bureau recently reported on what it has done to assist the mortgage industry with the smooth implementation of three of its major initiatives: TRID, HMDA, and the August 2016 updates to its new mortgage servicing rules.

IDS and LendingQB announced that they have successfully implemented the MISMO 3.3 data standard for document compliance, and are among the first mortgage vendors to do so.

The CFPB published its proposed updates to TRID on Monday, opening the 64-day comment period on the controversial mortgage disclosure rule.

What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?

U.S. Rep. French Hill (R-Arkansas) said Monday that the Consumer Financial Protection Bureau (CFPB) needs to do a lot more to ensure the industry understand the new TRID-compliant ‘Know Before You Owe’ rules before they take effect.

Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?