AgentIndustry News

TRID tanked originations in Q4

Purchase loan originations fell 24 percent quarter-over-quarter thanks to challenges posed by the complex regulation, according to RealtyTrac report
Published on Feb 18, 2016

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by CareyBot

A sharp drop in purchase loan originations in the fourth quarter of 2015 -- the product of compliance challenges posed by the implementation of the Consumer Financial Protection Bureau’s TRID (TILA-RESPA Integrated Disclosures) rule in October -- was slightly offset by a small increase in refinance originations, according to RealtyTrac’s latest U.S. Property Residential Property Loan Origination Report ...

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