Mortgage And Real Estate News

Thursday, April 21, 2016

What TRID Delays? Turn Times Lowest in a Year

It appears that lenders have surmounted the initial difficulties they encountered with the roll-out of the new Truth-in-Lending disclosures (TRID) required by the Consumer Financial Protection Bureau (CFPB) starting in October 2015.  The new rule initially led to delays in home sale closings as lenders and their software vendors became familiar with the system.

Read more... http://www.mortgagenewsdaily.com/04212016_ellie_mae_loan_metrics.asp

Reuters: Business News

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