The Credit Union National Association has asked the Consumer Financial Protection Bureau to delay implementation of the TILA-RESPA Integrated Disclosure Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016.
CUNA, which represents America's credit unions and their more than 100 million members, issued their request in the form of a comment submitted via email on CFPB's proposal that would delay the effective date of TRID until October 3, 2015. Originally, TRID was scheduled to be implemented on August 1. The CFPB is allowing public comments until Tuesday, July 7, on its proposal to extend the TRID date to October 3.
There are still many opportunities for real estate investors to acquire properties, despite the decrease in inventory of foreclosed homes, according to new quarterly data from HomeVestors, the ‘We Buy Ugly Houses’ organization, and the Local Market Monitor, a real estate forecasting solution. According to the data, Denver, Colorado leads the top 10 list for real estate rental investing, while Texas dominates the top 10 holding four spots.