A former bank president has been convicted of multiple counts related to several multimillion-dollar fraud schemes
A state commerce department has slapped a company with a hefty fine and instructed it to lower rates by 43% after finding that it overcharged customers for mortgage insurance
A growing chorus of voices is calling for further delay in implementing TRID, but will the CFPB listen?
With one big bank announcing it will no longer offer one type of mortgage product – and several others expected to follow – small originators will have an opportunity to win some of that untapped business.
One software provider is encouraging mortgage lenders to acclimate to the new CFPB loan estimate and closing disclosures requirements now, having released a TRID-ready Point 9.2 solution ahead of the August 1 deadline.
The Consumer Financial Protection Bureau’s proposed delay will have no bearing on one company’s plans to be ready to meet the CFPB’s originally planned Aug. 1 due date to implement the TILA-RESPA Integrated Disclosure (TRID) rule.
The CFPB has proposed an amendment that would push back the TRID effective date -- by two whole days
Important regulatory changes are on the way and certain players are better equipped to implement them.