TRID

Bureau Approves Pilot for Construction-Specific TRID Disclosures

smanas@imfpubs.com — Mon, 27 Nov 2023 15:55:49 -0500

The CFPB is moving forward with a pilot that would test alternative disclosures for construction loans.

CFPB Weighs TRID Changes for Construction Loans

smanas@imfpubs.com — Mon, 06 Mar 2023 15:20:14 -0500

The bureau has opened for public feedback the Independent Community Bankers of America’s application for a trial program that would provide borrowers expanded disclosures for construction and construction-to-permanent loans.

Study Finds TRID Prompted Lower Approval Rates

smanas@imfpubs.com — Mon, 14 Mar 2022 15:15:27 -0400

A study found that mortgages subject to TRID are less attractive to lenders than the pre-TRID version. The CFPB noted its own analysis didn’t find a long-term decline in mortgage originations linked to TRID.

CFPB Rules May Have Driven Small Banks Out of Mortgages

news@imfpubs.com — Mon, 04 Jan 2021 14:00:00 -0500

The FDIC’s community bank study shows that an unusually high percentage of small community banks reduced their residential holdings after the 2008 financial crisis. Reason: high compliance costs due to the large volume of new mortgage rules.

In the Works: Changes to Mortgage Servicing Rules

news@imfpubs.com — Mon, 21 Dec 2020 15:45:00 -0500

In the new year, the CFPB will propose changes to its loss-mitigation rules to govern how residential servicers work with borrowers affected by natural disasters and other emergencies.

Research Backs TRID Rule Benefits for Borrowings

news@imfpubs.com — Mon, 07 Dec 2020 13:45:00 -0500

The CFPB’s integrated mortgage disclosure rule has helped reduce borrowing costs particularly for first-time and disadvantaged homebuyers, a new study finds.

CFPB Finds Compliance with TRID Rule Costly for Lenders

news@imfpubs.com — Mon, 12 Oct 2020 15:00:00 -0400

The CFPB found that the TILA-RESPA Integrated Disclosures rule improved prospective borrowers’ ability to understand mortgage transactions, but at a huge cost to originators.

GSE Refi Fee May Impact Mortgage Disclosures

news@imfpubs.com — Mon, 31 Aug 2020 10:12:00 -0400

The GSE refi fee, albeit delayed, ultimately will be passed to consumers, impacting loan pricing. Compliance and disclosure implications? Indeed.

CFPB Rushing to Clear Rulemaking Agenda

news@imfpubs.com — Mon, 06 Jul 2020 16:00:00 -0400

The CFPB is rushing to get certain rulemakings done this year as the presidential election looms. Most items on the CFPB’s to-do list have deadlines in the fall.

Guidance on Title Insurance Needless, Says Industry

news@imfpubs.com — Mon, 22 Jun 2020 14:30:00 -0400

Industry trade groups have criticized the CFPB for issuing guidance that is largely repetitive. They want the agency to fix disclosure issues regarding title insurance premiums.

CFPB Allows Borrowers to Modify Waiting Periods

news@imfpubs.com — Mon, 11 May 2020 12:45:00 -0400

Consumers facing pandemic-related financial emergencies can seek modifications or waivers regarding certain waiting period requirements under the TILA-RESPA Integrated Disclosure and Regulation Z rules.

Debt-Collection Rule Public Comment Period Extended

news@imfpubs.com — Mon, 30 Mar 2020 15:00:00 -0400

Industry stakeholders have 30 more days to submit their feedback on a proposed rule that would require debt collectors to make certain disclosures under the Fair Debt Collection Practices Act.

CFPB Issues New TRID Guidance on Lender Credits

news@imfpubs.com — Mon, 02 Mar 2020 12:30:00 -0500

The CFPB published new frequently asked questions on the disclosure and treatment of lender credits under the TILA-RESPA Integrated Disclosure rule.

CFPB Launches Surveys to Gauge TRID Rule Impact

news@imfpubs.com — Tue, 18 Feb 2020 10:30:00 -0500

The bureau has released three surveys as part of its review of the integrated mortgage disclosure rule. According to comments received so far, the industry seeks clarity in the rule’s timing requirements.

Industry Flags Liability and Burden Issues Under TRID

news@imfpubs.com — Mon, 03 Feb 2020 11:50:00 -0500

The TRID rule’s cure liability issues and compliance burdens were the main focus of industry feedback letters to the CFPB.

TRID Mortgage Disclosure Rule Under Review

news@imfpubs.com — Mon, 02 Dec 2019 14:00:00 -0500

The CFPB plans to assess the costs and benefits of the integrated mortgage disclosure rule, inviting stakeholders and the public at-large to comment. Assessment results will be released by October 2020.

TRID Assessment No Guarantee of Changes

news@imfpubs.com — Mon, 02 Dec 2019 13:55:00 -0500

The CFPB's assessment of the TRID rule does not mean the bureau is planning to eliminate or even modify the rule, according to attorneys watching the action.

Other News in Brief

news@imfpubs.com — Mon, 26 Aug 2019 11:57:00 -0400

CFPB Guidance on Providing Loan Estimates Under TRID

news@imfpubs.com — Mon, 12 Aug 2019 10:35:00 -0400

The CFPB issued a new set of frequently asked questions on whether lenders should provide loan estimates in particular cases under the integrated mortgage disclosure rule.

CFPB Issues TRID Guidance On Construction Loans

news@imfpubs.com — Wed, 12 Jun 2019 15:48:00 -0400

The CFPB issued guidance on the disclosure requirements for construction loans. But an attorney said the guidance falls short of what the industry is seeking.

TRID Informal Guidance Addresses Waiting Period

Mon, 11 Feb 2019 00:00:00 -0500

The CFPB recently provided informal guidance in the form of frequently asked questions, addressing issues related to the integrated mortgage disclosure rule.

Kraninger Promises to Assess TRID Rule

Mon, 28 Jan 2019 00:00:00 -0500

CFPB Director Kathy Kraninger assured Republican senators that the CFPB will examine industry concerns regarding the integrated mortgage disclosure rule.