CFPB Announces TRID Rulemaking

On April 28, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it is drafting a notice of proposed rulemaking on the Know Before You Owe rule, also known as “TRID.”  Since the rule went into effect on October 3, 2015, the industry has been working hard to understand and implement the rule which replacedContinue reading “CFPB Announces TRID Rulemaking”

Get Ready For RESPA Changes

On November 20, 2013, the Consumer Financial Protection Bureau (CFPB) issued its final rule to integrate the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. The final rule integrates existing disclosures with new requirements from the Dodd-Frank Act to improve consumer understanding of the mortgage process, aid inContinue reading “Get Ready For RESPA Changes”

RESPA/TILA Webinar

A NAR webinar that covers changes to Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act is available online. The new rule combines the Good Faith Estimate with the Truth in Lending (TIL) disclosure now called the “loan estimate” and theContinue reading “RESPA/TILA Webinar”