The Key to Success in the Mortgage Business: Making Mentorship Work. That’s alright because those of us who achieve some measure of success in our vocation tend to be in it for the work itself and not the recognition. Few of us end up where we thought when we were younger. This is especially true in our industry,
Now that the new proposal is out, HousingWire followed up with three expert TRID attorneys to get their initial read on the rule.
Initial thoughts: Did the CFPB successfully update TRID? Single-family housing starts improve The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in.
Traders are.Initial thoughts: Did the CFPB successfully update TRID? The CFPB published its Fall Supervisory Highlights this week, highlighting examinations across various financial products that were conducted between May 2015 and August 2015. The report highlights key findings made by the CFPB and provides insight into the current focus of.
Brandy Hood was quoted in Brena Swanson’s HousingWire article, "Initial Thoughts: Did the CFPB Successfully Update TRID?," on August 5, 2016. The Consumer Financial Protection Bureau’s new proposal to update its Know Before You Owe rule has only been in the hands of the industry for a week.
· The CFPB had remained insistent that the Aug. 1 implementation date of its new TILA-RESPA Integrated Disclosures (TRID) rule would remain, despite pleas.
Perhaps some at the CFPB thought that TRID was only a swap of the disclosures and easy to implement, or did not fully understand the importance of the rule. I think the CFPB is now doing a better job talking about the implementation of its subsequent rules more frequently, like HMDA and its rulemakings in other product areas, as well.
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