trid: What is TRID? New Mortgage Lending Rules Help Borrowers - 10/07/15 01:09 AM
“Know Before You Owe”The industry is buzzing about the new mortgage lending requirements that came into effect October 3, 2015. Although it is being billed as a way to simplify and clarify the process for homebuyers, many buyers and sellers are worried that these new regulations will make the buying and the selling process much more difficult and time-consuming. What is true? And what exactly are the new regulations?
TRID stands for Truth in Lending Act (TILA) Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures. The Consumer Financial Protection Bureau (CFPB) created these revised disclosures due to changes in mortgage lending required by the … (1 comments)

 
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