Why are closing times continuing to increase under TRID?

Did loans take an unusually long time to close in November, or was that simply your imagination? You probably didn’t dream it up …

Happy birthday, TRID: A year in, here’s what Realtors think of you

Monday marked an important anniversary in the industry, though it’s doubtful that any real estate offices busted out the champagne to celebrate a controversial 1,800-page, sweeping reform of the mortgage transaction process that took effect on Oct. 3, …

TRID, take 2?

If you have ironed out your bugs and confusion in the seven months since the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule took effect, don’t get too comfortable. More changes to the biggest mortgage transaction overhaul we’ve had in four decades are on the way. In a letter issued to several banking and financial services industry trade groups yesterday, the CFPB said it has “begun drafting a notice of proposed rulemaking on TRID, or the “Know Before You Owe” rule, as the bureau prefers to call it …

Loan Estimate comparison tool helps buyers weigh options

Some people consider the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule burdensome, and some people even jokingly refer to the acronym as “The Reason I Drink.” But for others like eLend — a company that uses technology to simplify the mortgage process — TRID is an opportunity …

Is TRID helping consumers like the CFPB intended?

Plenty of industry surveys have shown that the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure (TRID) rule has negatively impacted real estate agents, lenders and settlement agents, but how has the mortgage transaction overhaul affected borrowers — the very people the bureau intended to help in creating the rule …

TRID — the reason I drink

The new TILA-RESPA Integrated Disclosure (TRID) went into effect on Oct. 3, 2015. It’s two months later, and real estate professionals, as well as many buyers, have given the acronym a new meaning: TRID stands for “the reason I drink.” …