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TRID grace period bill stuck in Congress

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Mortgage Professional America | 28 Mar 2016, 09:50 AM Agree 0
Despite numerous attempts to pass it, a bill that would define a four-month grace period for TRID enforcement is still stuck in Congress – and the White House has already promised to veto it
  • Bob D | | 01 Apr 2016, 12:52 AM Agree 0
    It's more than timeframes. It's the lack of guidance on procedures - I have spent the last week asking lenders what is appropriate procedure for Standard and Alternative LE's and CD's. I was surprised at the varying answers - one says standard is ok with refi's - another says it's forbidden - completely opposing answers to the same question. The risk to the Morgage bankers is great and the CFPB should provide clarification.

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