5 months from trid launch where are we now: 5 Months from TRID launch - Where Are We Now
- 02/05/16 11:45 PM
5 Months from TRID launch -
Where Are We Now Last October, the TILA RESPA Integrated Disclosure rule (TRID) replaced the old TIL-GFE. Paperwork for the homebuyer was reduced, fees were itemized, and the forms were made easier to read so consumers could have a better understanding of the costs of buying a new home.
Great news for homebuyers, we thought. Then there were a couple of provisions of the new form that seemed specifically designed to stress out real estate agents and their mortgage lender partners: namely, the new three-day review periods.
The homebuyer must receive the new Loan Estimate form three days … (3 comments)
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