Tag Archives: TRID

When the CFPB implemented the TRID rule, lenders were faced with the new challenge of altering their disclosure and closing processes. Now the question is which lenders, large or small, were able to come out on top following the TRID regulation.

Moody's Investor's Service gave a seal of approval for the Structured Finance Industry Group's TRID compliance proposal, noting that it is adequate to address compliance risks that are likely to cause losses to residential mortgage-backed securitization (RMBS) trusts despite uncertainties.

Recognizing the “operational challenges” the industry is experiencing with TRID, Cordray said in a letter that the Bureau is considering making some “adjustments” in the regulation text to provide greater certainty and clarity.

For the last 10 years, jumbo mortgage-backed securities have been climbing their way back into the market, but did the implementation of TRID and other factors put a stop to growth in this sector?

The implementation of the CFPB's TILA-RESPA Integrated Disclosure rule brought a number of both changes and headaches for originators, but what will be the impact on loan securitizations?

Per the direction of their conservator and regulator, the FHFA, Fannie Mae and Freddie Mac were instructed not to conduct loan-level reviews for technical compliance with TRID when conducting their credit-risk transfer transactions.

While most everyone knew the TILA-RESPA Integrated Disclosure regulations would result in delays, not many expected those delays to be so sweeping.

ComplianceEase, a provider of automated compliance solutions to the financial services industry, released a new technology solution to help lenders and settlement agents comply with the TILA-RESPA Integrated Disclosure (TRID) rule.

Regulatory requirements have set off a chain reaction of events in the mortgage industry, causing mortgage companies to ramp up their compliance efforts, implement innovative technology, and plan for the future. Editor's note: This select print feature appears in the March 2016 edition of MReport magazine, available now.

Customer satisfaction regarding TRID has risen among borrowers—coinciding extremely closely to the rise in the number of borrowers who reported they’d been contacted (as per TRID guidelines) by their lenders before closing.