Opinion
Too many parties with various interests can lead to mistakes
CFPB provides tips to give your clients best closing experience come Oct. 3
CFPB releases guide for agents on how to handle mortgage transactions after Oct. 3
After Oct. 3, e-signatures will make tracking the process much easier
Web-based tool lets borrowers know exactly when to expect their lenders to stop charging them for private mortgage insurance
Home loan expert offers guidance on TRID changes
American Land Title Association holds Facebook ‘town hall’ to give glimpse into what closings will look like after Oct. 3
CFPB deputy director steps down to tend to family matters, leaving behind a bureau embroiled in congressional criticism
3 situations to avoid
Agents and brokers tell CFPB they support moving implementation deadline but still have concerns about disclosure timing requirements and software issues
In comment letter regarding new effective date, trade group seeks formal trial implementation period, clarification of other aspects of closing process
Opinion
Market demand and regulatory requirements are simply going to be part of the equation moving forward
Legal experts and loan origination system representatives talk about preparation for TRID
Bureau seeks comment on proposal to move implementation date after admitting ‘administrative error,’ but some in the industry are still skeptical of this explanation
After months of denying requests for implementation delay or ‘hold harmless’ enforcement period, bureau agrees to postpone regulation due to ‘administrative error’