Recently the CFPB released proposed amendments to TRID. While the majority of the 293 page document consisted of clarification on existing TRID rules and regulations within the Final Rule there were also some notable sections that stood out:
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7/29/16 4:10 PM
TILA-RESPA Integrated Disclosure Amednments Proposed
Posted by
SoftPro on 7/29/16 4:10 PM
Today, the Consumer Financial Protection Bureau (CFPB) released several proposed amendments to the TILA-RESPA Integrated Disclosure (TRID) rule. The CFPB will be accepting comments to the amendments until October 2016, before final regulations are...
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7/20/16 11:03 AM
CFPB not likely to address title insurance premiums with TRID update
Posted by
SoftPro on 7/20/16 11:03 AM
While the CFPB still has not released any updates to TRID it looks like when they do it won't include changes to the title insurance premiums disclosure rules.
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7/12/16 10:34 AM
Interest rates are down but so is available credit
Posted by
SoftPro on 7/12/16 10:34 AM
While we are seeing all time low interest rates, we aren't seeing the expected increase in loan volume. The tighter rules and regulations tied around obtaining a loan is making it more difficult for a consumer to take advantage of the lower interest...
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6/13/16 2:26 PM
CFPB expected to address secondary market issues
Posted by
SoftPro on 6/13/16 2:26 PM
With investors worried about the consequence of errors on the CDF it is expected that the CFPB will address the secondary market concerns in their clarifications expected this July. To read more click below.
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5/13/16 9:10 AM
CFPB publishes annotated versions of the LE and CDF
Posted by
SoftPro on 5/13/16 9:10 AM
The CFPB has published annotated versions of the Loan Estimate (LE) and Closing Disclosure (CD). The have noted the sections of chapter 2 (Part B) of TILA that the CFPB says were “referenced in the Integrated Mortgage Disclosure final rule.” Provisions...
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5/10/16 11:10 AM
Fannie and Freddie lower mortgage modification interest rates
Posted by
SoftPro on 5/10/16 11:10 AM
Beginning May 13, Fannie Mae and Freddie Mac will lower the standard modification interest rate from 3.75% to 3.625%, the lowest it has been since the program began in 2012. To read more click ...
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5/4/16 1:32 PM
Know Before You Owe Mortgage Disclosure Rule Webinar
Posted by
SoftPro on 5/4/16 1:32 PM
On Tuesday, April 12 at 2 p.m. EDT, the Federal Reserve hosted a webinar on the Know Before You Owe mortgage disclosure rule. A link to a recording of this webinar is now available on the Bureau’s website.
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Seven months after the implementation of the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule, the bureau announced a notice of proposed rulemaking expected to be released by late July.
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4/14/16 12:25 PM
CFPB Addresses Negative Amount for Owner’s Title Insurance Policy
Posted by
SoftPro on 4/14/16 12:25 PM
The CFPB provided guidance to the industry on the negative amount for owner's title insurance policy question during their webinar on April 12, 2016. Below is the question and response from the CFPB during the webinar.
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