trid: 3 Months After TRID: A Snapshot
- 02/19/16 12:17 AM
Three months have passed since TRID took effect on October 3, 2015. TRID is an acronym derived from TILA/RESPA Integrated Disclosure and encompasses a set of rules meant to help borrowers better understand the terms of their home financing. For this reason TRID is sometimes simply referred to as the ‘Know Before You Owe’ rule. Under the new measure borrowers must now be given the new combined Loan Estimate (LE) with all the charges, fees and line items that come with the loan three days before the closing, and no longer at the closing. The National Association of REALTORS® (NAR) surveyed REALTORS® about … (0 comments)
Three months have passed since TRID took effect on October 3, 2015. TRID is an acronym derived from TILA/RESPA Integrated Disclosure and encompasses a set of rules meant to help borrowers better understand the terms of their home financing. For this reason TRID is sometimes simply referred to as the ‘Know Before You Owe’ rule.
;)
;)
;)
