CHANGING THE WAY WE NOW DO BUSINESS IN THE PURCHASE AND SALE OF CONSUMER RESIDENTIAL REAL ESTATE NEW RULES~CFPB EFFECTIVE 3 OCTOBER, 2015 NEW Loan Estimate | Closing Disclosure Newly Revised AAR Contract Forms coming soon The new TILA-RESPA Integrated Disclosure rule (known more commonly as TRID) was scheduled to take effect 1 August, 2015, and […]
CFPB Finalizes “Know Before You Owe” Mortgage Forms
The Consumer Financial Protection Bureau released November 3, 2014 the final rule (around 1900 pages) which sums up the RESPA-TILA Integrated Disclosures Rules. This rule will be effective for any applications as of August 1, 2015. These rule changes will significantly change the way we do business with respect to applying for loans and closing […]