The credit reporting agency sold scores it said were considered by lenders. Not so much, says the CFPB
House Republicans said at a subcommittee hearing that the agency was guilty of gross overreach
The technological arms race for TRID could provide the originators and servicers of the mortgage industry with more innovation that will come from vendors refreshing their technologies.
With only a few months left until implementation, a recent survey of mortgage executives shows very few are fully prepared for the regulation’s changes.
Recently, there has been speculation that a grace period may be given to the industry for the implementation of the TILA-RESPA Integrated Disclosure rules. Even though the industry has had nearly two years to make these adjustments, should we still get a grace period?
TRID is just the latest manifestation of a larger issue: when the regulatory environment is in a constant state of flux, how we can we make sure our employees stay up to date?
Gone are the days of making last minute changes to mortgages and experts at recent panel in New Jersey say the mortgage industry is still unprepared for the rule's major changes.
Are you ready for the new integrated disclosure rule on August 1? According to a recent survey, most are aware of the regulation, but not one of its key changes.