No Grace Period for TRID

Will On June 3 the Consumer Financial Protection Bureau (CFPB) announced that it would be “sensitive” to companies that make a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation that goes into effect on August 1, 2015.   This is a welcome developmentContinue reading “No Grace Period for TRID”

Industry and Consumer Groups Call for Broad Qualified Mortgage

NAR spearheaded a 33-member coalition in sending a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray calling for a broadly defined Qualified Mortgage (QM) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Several meetings with CFPB led NAR and others to believe that CFPB is considering a narrow QM more inContinue reading “Industry and Consumer Groups Call for Broad Qualified Mortgage”